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22062848

1669 E Silver Star Rd, Ocoee, FL 34761

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine
$4,928,000
462 days on market
Updated 45 days ago

Walgreens - Ocoee, FL

Details
APN 16-22-28-6166-00-040
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,032
Cap Rate 6.75%
NOI $332,640
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2039
Remaining Term 12.7
Rent Bumps Yes
Lease Options 12 (5-Year)
Price per SqFt $328
Class A
Year Built 2001
Buildings 1
Acreage 1.744
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/22/2024
Ground Lease No
Ownership Fee Simple (Land & Building)
Sale Condition For sale by owner

Walgreens - Ocoee, FL | (TTM 8/23) $4,507,369

Investment highlights

  • WALGREENS BOOTS ALLIANCE, INC. (NYSE: WBA) | NATIONAL CREDIT (S&P: BB-) | $150.41 BILLION TTM ENDING FEB-2025 | 8,441 RETAIL STORE LOCATIONS ACROSS THE US AND 13,723 LOCATIONS WORLDWIDE

  • 13.1 YEARS OF FIRM TERM REMAINING | NEWLY STRUCTURED ABSOLUTE NNN LEASE WITH 5.00% RENTAL INCREASES EVERY 5 YEARS | ZERO LANDLORD RESPONSIBILITIES | (TTM 8/23) $4,507,369

  • HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION | HIGH TRAFFIC RETAIL CORRIDOR ALONG STATE ROUTE 438 / E SILVER STAR RD. 26,376 VPD | WALGREENS IS LOCATED ON THE SOUTHEASTERN HARD CORNER OF THE E SILVER STAR RD. & CLARKE RD. (26,808 VPD) INTERSECTION (53,184 VPD) | 8.50 MILES WEST OF DOWNTOWN ORLANDO, FL

  • APPROXIMATELY 0.8 MILES NORTH OF WEST OAKS MALL (780,000 SF SUPER REGIONAL MALL) ALONG CLARKE RD | DENSE & STABLE ORLANDO MSA DEMOGRAPHICS (222,773 RESIDENTS WITHIN 5 MILES) | HIGH QUALITY PUBLIX ANCHORED RETAIL INTERSECTION

Listing Contacts

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$332,640.00
$27,720.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Bert Sanders
License
FL BK3534896
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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