Walgreens
Retail | 6.00% CAP | 15,120 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Walgreens located at 7403 Aloma Ave, Winter Park, FL. The site consists of roughly 15,120 rentable square feet of building space on an estimated 2.01-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $362,880 and has scheduled increases of 5.00% every 5 years.
Investment highlights
Absolute NNN Lease with Rental Growth | The lease features an absolute triple-net structure with zero landlord responsibilities, as Walgreens is responsible for taxes, insurance, and all maintenance. Additionally, 5% rental increases every 5 years provide investors with passive income, long-term cash flow growth, and a natural hedge against inflation.
Strong Corporate Guarantee | Walgreens operates 9,000+ drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens also manages more than 400 Healthcare Clinics and provider practice locations around the country. Walgreens Boots Alliance reported revenue of $147 Billion in fiscal year 2024.
Prime Aloma Avenue Location with Strong Retail Corridor | Situated directly off Aloma Avenue, this Walgreens benefits from over 43,000 average daily traffic counts and is surrounded by a robust mix of national tenants within a 2-mile radius, including Costco, Target, Publix, ALDI, Dollar Tree, 7-Eleven, AutoZone, and more.
Strong Academic Presence | This Walgreens is ideally situated near Full Sail University, home to over 26,000 students, offering a large and consistent customer base for pharmacy, convenience, and retail services.
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