Retail · Clearwater, Florida
Walgreens - Clearwater
Walgreens - Clearwater is financed with a $3.9M CMBS loan at 4.39% that reaches maturity on July 11, 2027, in 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,900,000
- Original balance (same notes)
- $3,900,000
- Interest rate
- 4.39% fixed
- Originated
- June 30, 2017
- Maturity
- July 11, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 703 Court Street, Clearwater, FL 33756
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Rentable area
- 16,510 sq ft
- Built
- 2016
- Largest tenants
- Walgreens
- Value at securitization
- $8.4M (May 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.26x | 2.36x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $392K | $410K |
| Debt yield | 10.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2017-C39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.9M | Current | No | 2.36x | 100% |
| August 2026 | $3.9M | Current | No | 2.36x | 100% |
| July 2026 | $3.9M | Current | No | 2.36x | 100% |
| June 2026 | $3.9M | Current | No | 2.36x | 100% |
| May 2026 | $3.9M | Current | No | 2.32x | 100% |
| April 2026 | $3.9M | Current | No | 2.32x | 100% |
| March 2026 | $3.9M | Current | No | 2.32x | 100% |
| February 2026 | $3.9M | Current | No | 2.32x | 100% |
| January 2026 | $3.9M | Current | No | 2.32x | 100% |
| December 2025 | $3.9M | Current | No | 2.33x | 100% |
| November 2025 | $3.9M | Current | No | 2.33x | 100% |
| October 2025 | $3.9M | Late payment but less than 30 days delinquent | No | 2.33x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C39 | 55 | $3,900,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Baypoint Commerce Center | St. Petersburg, FL | Office | $21.8M | 4.733% | Apr 2027 | 1.45x | 72% | Current |
| Sienna Bay | St. Petersburg, FL | Multifamily | $21.5M | 4.40% | May 2027 | 1.16x | 84% | Current |
| Northwoods Center | Wesley Chapel, FL | Retail | $15.8M | 4.41% | Sep 2027 | 1.97x | 100% | Current |
| Shoppes at New Tampa | Wesley Chapel, FL | Retail | $11.7M | 4.88% | Apr 2027 | 1.89x | 100% | Current |
| The Fountains | Palm Harbor, FL | Retail | $10.3M | 4.682% | Sep 2027 | 1.68x | 82% | Current |
| Cortez Commons | Brooksville, FL | Retail | $10.3M | 5.00% | Apr 2027 | 1.73x | 100% | Current |
| Royal Oaks Shopping Center | Valrico, FL | Retail | $8.4M | 4.63% | Sep 2027 | 1.65x | 100% | Current |
All loans maturing in 2027 · All Tampa-St. Petersburg-Clearwater loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.