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7301 Winter Garden Vineland Rd

Windermere, FL 34786

$8,300,000

Drugstore For Sale  •  12,477 Sq Ft

Property Details

  • Property Type Drugstore
  • Total Building Size 12,477 Sq Ft
  • Lot Size 1.33 ac
  • Building Class B
  • Year Built 2009
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning P-D
0 Transit Score
17 Walk Score

Description

Absolute NNN Leased Walgreens - Landlord has no responsibilities under this passive lease.  The investor that purchases this site can simply "collect a check", rather than dealing with the monthly roof or parking lot issues.  This NNN Walgreens is a very high performing store with reported sales roughly 130% of national average.  
The property is located in Windermere, FL an affluent suburb of Orlando home to the likes of Tiger Woods, Shaquille O'Neal, and Bubba Watson.

Highlights

Super High Volume Sales - 130% of Average Store Sales
Great Demographics - Avg Income $150,000 w/in 1 Mile of Store
Absolute NNN Lease - No Landlord Responsibilities
Investment Grade Tenant - S&P:BBB
Corporate Guaranty from Walgreens - NASDAQ:WBA

Property Flyers

Financial Summary (Actual)

Net Operating Income: $415,000 (2017)
Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 12,440 SF 9/30/2034

Amenities

  • Pylon Sign
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Orlando International Airport 31 min - 29.2 mi
Orlando Sanford Airport 50 min - 46.5 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Patrick Nutt 954-302-7365 Calkain Co
Patrick Nutt 954-302-7365 Calkain Co