591 S Semoran Blvd - Drug Store FOR SALE
Winter Park, FL 32792 |
$5,083,000 USD
561-427-6699
591 S Semoran Blvd
Winter Park, FL 32792
HIGHLIGHTS
- Rare opportunity to own prime real estate in Winter Park, FL, Orlando's most sought-after trade area
- Corporately guaranteed Absolute Net Lease provides passive ownership and stable cash flor for absentee owner
- 3% annual rent increases provide inflation hedge and fee simple ownership allows for depreciation boosting after tax returns
- Outparcel to Full Sail University (24,000+ enrolled) campus - a private university specializing in entertainment media and emerging technologies
- Florida's medical cannabis industry has grown to over $2.5 billion in annual sales making it the nation's largest medical market and number 3 overall
- Zoning and distance requirements make it difficult to find dispensary locations and Sunnyside dispensaries average $10.5M in sales
FOR SALE DETAILS
PRICE
$5,083,000 USD
PRICE/SF
$537 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sunnyside | Winter Park, FL | 7.0% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Fast Food, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.93 AC
LAND SF
40,580 SF
ZONING
C-2
APN/PARCEL ID
10-2230-8827-00-030
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561-427-6699
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561-427-6699
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