Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Attributes

Year Built 1998
Building Area Net
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire the fee-simple interest in a Walgreens located at 8951 Hudson Avenue, in Hudson, FL (the “Property” or “Asset”). The city of Hudson, FL is part of Pasco County, FL. Hudson is located northeast of Tampa and is part of the  part of the Tampa-St. Petersburg-Clearwater, FL MSA. The Asset is in the heart of Hudson's retail trade area situated at the hard corner of Little Road and Hudson Avenue Road (30,000 VPD). The Property benefits from close proximity to the Publix Anchored Fairway Oaks Plaza,  as well as additional surrounding national retailers in the trade area including CVS, Anytime Fitness, Wendy's, Dollar General, Walmart Supercenter, Dollar Tree, Popeyes, and Aldi.


The below market Asset is subject to a recently executed brand-new absolute NNN 15-year lease with 5.0% rent bumps every 5-years. Following the 15-year in-place lease term, there are twelve (12) 5-year extension options subject to 5.0% rent increases. 


BROKER OF RECORD: ALEX SHARRIN

Investment Highlights

  • Investment Grade Tenancy (S&P: BBB)
  • Brand New 15-Year Lease
  • Absolute NNN Lease Structure - Zero Landlord Responsibilities
  • Features Drive-Thru
  • Main Retail Trade Area - Adjacent To Publix Anchored Plaza
  • Below Market Offering
  • Tampa-St. Petersburg-Clearwater, FL MSA


Last Updated Date: 20 Jun 2022

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Last Updated Date: 20 Jun 2022

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