5701 Gulfport Blvd

Single-tenant, double-net (NN) Walgreens pharmacy with a lease extended through December 31, 2061 — executed in December 2025 under Sycamore Partners ownership, well after Walgreens announced its national store closure program. This is an affirmative commitment to retain this specific location.

The property is the only Walgreens in the City of Gulfport, serving as the community's anchor pharmacy for a trade area with a median age of 56.4 years within one mile. Current NOI of $238,000/year steps up automatically to $267,400/year on January 1, 2036 — no negotiation, no re-leasing, no capital required.

Landlord responsibilities are limited to roof and structure only. Tenant covers taxes, insurance, utilities, HVAC, and all interior repairs. The next earliest termination option is December 31, 2035, providing a minimum 10-year guaranteed income stream from lease signing.

Located at the signalized intersection of Gulfport Blvd S and 58th Street S with approximately 15,700–17,500 vehicles per day. Drive-through pharmacy on site.