103 Indian Rocks Rd S
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
103 Indian Rocks Rd S
14,490 SF Retail Building Belleair Bluffs, FL 33770 $8,200,000 ($566/SF) 6% Cap Rate
Investment Highlights
- Located 5 minutes from Belleair Beach, directly next door to a Publix grocery store
- Absolute NNN leased to Walgreens - No Landlord Responsibilities
- Located at an "A" location, at a signalized intersection with combined AADT of 28,500 cars per day
- 2003 Build-to-Suit
- Corporate Guaranty, Tenant since 2003
- 78,029 Residents, $99,658 Avg HH Income within 3 miles
Executive Summary
RIPCO Real Estate is pleased to offer for sale 103 Indian Rocks Rd. South, an absolute NNN 14,490 SF single-tenant pharmacy currently occupied by a national retailer, Walgreens, in Belleair Bluffs, Florida.
The asset is located at a signalized intersection at West Bay Drive and Indian Rocks Road less than 5 minutes to Belleair Beach, on of Pinellas County's most exclusive neighborhoods. More than 31,500 vehicles pass this location daily (AADT), with an average household income of $99,658 within a 3-mile radius of the property.
Walgreens has been at the site for twenty (20) years and currently has 4 years of term left with single cancellation options starting on 8/31/2028 that renew every 5 years. The property offers an investor the opportunity to acquire a fully occupied property with stable cash flow and zero landlord responsibilities.
The asset is located at a signalized intersection at West Bay Drive and Indian Rocks Road less than 5 minutes to Belleair Beach, on of Pinellas County's most exclusive neighborhoods. More than 31,500 vehicles pass this location daily (AADT), with an average household income of $99,658 within a 3-mile radius of the property.
Walgreens has been at the site for twenty (20) years and currently has 4 years of term left with single cancellation options starting on 8/31/2028 that renew every 5 years. The property offers an investor the opportunity to acquire a fully occupied property with stable cash flow and zero landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2003
Price
$8,200,000
Price Per SF
$566
Cap Rate
6%
NOI
$492,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.68 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 32-29-15-55350-011-0050 | Improvements Assessment | $1,543,265 |
| Land Assessment | $426,735 | Total Assessment | $1,970,000 |
PROPERTY TAXES
Parcel Number
32-29-15-55350-011-0050
Land Assessment
$426,735
Improvements Assessment
$1,543,265
Total Assessment
$1,970,000
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
103 Indian Rocks Rd S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.