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33622540
33622522

1835 SAND LAKE RD, ORLANDO, FL 32809-7629

BP
CA 01822998
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California
$6,470,000
16 days on market
Updated 16 days ago

Walgreens (Ebisu Sublease) - Orlando, FL

Details
APN 292327000000008
Property Type Retail
Sub Type Grocery Store
Square Footage 14,490
Units 1
Cap Rate 10%
NOI $647,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 09/30/2035
Remaining Term 9.3
Year Built 2010
Stories 1
Acreage 1.270
Tenant Credit Corporate Guarantee
Ground Lease No

Absolute NNN | 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 over 9 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

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$647,000.00
$53,916.67/mo

Valuation Metrics

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10%
Cap Rate
10%
ROI

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Zoning

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C-1 CommercialRetail CommercialRetail Commercial District
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Last updated Jan 28, 2026 For deeper zoning details, reports are available at Zoneomics

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