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5701 Gulfport Blvd S
Gulfport, FL 33707

$3,966,667 USD

Drugstore For Sale • 14,725 SF

Property Details

Property Type Drugstore
Total Building Size 14,725 SF
Lot Size 1.23 AC
Building Class B
Year Built 1996
Cap Rate 6.00 %
Tenancy Single

50 Transit Score

50 Walk Score

                
                    Highlights
                
                                Only Walgreens in the City of Gulfport
                            
                                Single-tenant Walgreens investment with a 6% cap rate and $238,000 current NOI
                            
                                Lease runs through December 31, 2061, with the next termination option not until December 31, 2035
                            
                                Contractual NOI increase to $267,400 annually beginning January 1, 2036
                            
                                Double-net (NN) lease: tenant pays taxes, insurance, utilities, HVAC and interior repairs
                            
                                Signalized Gulfport Blvd corner with drive-through pharmacy and approximately 15,700–17,500 vehicles per day

Property Flyers

OM - Walgreens Gulfport, FL

Financial Summary (Actual)

Net Operating Income: $238,000 USD (2025)

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Walgreens		10/29/2021

Public Transportation

Airport	Drive	Walk	Distance
St Pete-Clearwater International	30 min	-	16.5 mi
Tampa International	36 min	-	25.2 mi
Sarasota/Bradenton International	48 min	-	31.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	77
Type:	Surface
Included in Rent:	Yes

Cyril Bijaoui 786-326-3774 Longstead at The Corcoran Group

5701 Gulfport Blvd S Gulfport, FL 33707