www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27804974
27804975

1835 W Sand Lake Rd, Orlando, FL 32809

BP
CA 01822998
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California
$7,188,888
225 days on market
Updated 121 days ago

Walgreens (Ebisu Sublease) - Orlando, FL

Details
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug
Square Footage 14,490
Cap Rate 9%
NOI $647,000
Tenancy Single
Brand/Tenant Walgreens, Ebisu Life Store
Lease Type Absolute NNN
Lease Expiration 09/30/2035
Remaining Term 9.3
Price per SqFt $496
Year Built 2010
Acreage 1.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Absolute NNN Lease | Directly Across from The Florida Mall

Marketing description

The offering features a 14,490 SF dark Walgreens located at 1835 Sand Lake Road in Orlando, Florida. Walgreens ceased operations at this location in January 2025; however, the company remains contractually committed to the lease, with approximately 10-years of term remaining. Walgreens has subleased the space to Ebisu Life Store with the sublease running coterminous with the Walgreens lease. This absolute NNN lease ensures zero landlord responsibilities for repairs or capital expenses.

The subject property is ideally positioned in the heart of the area’s main commercial hub with over 4 million square feet of retail development within a 1-mile radius. The Florida Mall, located directly across from the property, is the largest shopping center in Central Florida with over 1.8 million square feet of retail, an on-site hotel and a plethora of renowned department stores including Macy’s, Dillard’s and JC Penney. Strategically positioned at the intersection of Sand Lake Road and South Orange Blossom Trail, the property features pronounced visibility and access along the two main commercial thoroughfares. Combined daily traffic counts exceed 118,000 vehicles.

The surrounding area is densely populated, with approximately 207,000 residents within a five-mile radius. This community boasts an average household income exceeding $92,000 within a five-mile radius, with projections indicating a 12% increase over the next five years.

Orlando continues to rank as one of the fastest-growing metro areas in the U.S., with consistent in-migration, job growth, and residential development. The property’s central location positions it to benefit from long-term market growth and repurposing potential, either through re-tenanting or adaptive reuse.

Investment highlights

Walgreens Co.: Over $147 billion in annual revenue in 2024

Corporate-backed long-term lease: Walgreens signed a 25-year lease which commenced in 2010 leaving approximately 10-years remaining on the initial lease term

Walgreens is ranked #60 on the Fortune 500 list: Over 8,500 stores and 312,000 employees worldwide (or across 9 countries)

Directly Across from The Florida Mall: Central Florida’s largest retail destination with 1.8 million SF of retailers, restaurants, hotel accommodations, and anchored by Macy’s, Dillard’s, and JCPenney.

Dominant Retail Corridor: Over 4 million SF of retail within a 1-mile radius, including national brands like Target, Best Buy, Home Depot, Ross, Burlington, Apple, Tesla, and more.

High-Traffic Intersection: Signalized hard corner at Sand Lake Road & S. Orange Blossom Trail with combined traffic counts over 118,000 VPD.

Strong Demographics: More than 207,000 residents within a 5-mile radius with average household incomes exceeding $92,000 and projected growth of 12% over the next 5 years.

Proximity to Major Orlando Attractions: Centrally located near top regional destinations: Disney World (11 miles SW), Universal Studios (5 miles NW), Sea World (5 miles SW), and Orlando International Airport (6 miles SE).

Listing Contacts

BP
CA 01822998
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$647,000.00
$53,916.67/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591