1920 Aloma Ave - Drug Store FOR SALE


Winter Park, FL 32792
$7,278,261 USD
310-463-5463
1920 Aloma Ave, Winter Park, FL for Sale
$7,278,261 USD
Drug Store - FOR SALE
1/4
null | 5.75% Cap Rate

1920 Aloma Ave
Winter Park, FL 32792


HIGHLIGHTS

  • 13 Years Remaining on Absolute NNN Lease
  • High reported store sales of $8.4M (RX excluded)
  • 5.0% Increases Every 5 Years
  • Outparcel to state-of-the-art Advent Winter Park Hospital (422 bed)
  • Top performing location ranked in the 82nd percentile of Walgreens stores by annual visits per Placer.ai
  • Adjacent to Winter Park Corners Shopping Mall with 1 million annual visitors

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase a top performing Walgreens location in Winter Park, Florida with a new 15 Year absolute NNN lease. The recently extended lease calls for zero landlord obligations and is corporately guaranteed by Walgreens. There are 5% increases every 5 years throughout the initial term and in each option with twelve 5-year renewal options. The building sits on a generous 2.11 acre lot outparcel to Advent Winter Park Hospital, a state-of-the-art, 422 bed medical facility which boasts recognition as one of the top 100 hospitals within the nation and additionally surrounded by various multiple healthcare facilities. The site is strategically located on a hard corner along the highly-traveled Aloma Avenue retail corridor, with exposure to 66,000 vehicles per day and sits adjacent to Winter Park Corners Shopping Mall, anchored by Sprouts Farmers Market which attracts over 1 million patrons annually. The store further benefits from its location with 1 mile radius demographics of 10,000 residents with a $186,000 average household income.

FOR SALE DETAILS

PRICE

$7,278,261 USD

PRICE/SF

$394 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,972 SF

ZONING

C-1

APN/PARCEL ID

09-2230-0120-98-012

ASK ABOUT THIS PROPERTY

Tyler KolligianThe Kase GroupMore Info
310-463-5463

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Tyler KolligianThe Kase GroupMore Info
310-463-5463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.