Property Details

Walgreens

Winter Springs (Orlando), FL
Property ID: 2248

    Financial Summary

    Asking Price $5,195,000
    Cap Rate 5.45%
    Net Operating Income (NOI) $283,200
    Lease Type NN
    Lease Term Remaining 12 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Patrick R. Nutt
    Managing Partner
    703.787.4714

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    Highlights

    • High volume store - $10M in gross sales
    • Recent long term renewal
    • Investment grade tenant - Walgreens (NASDAQ: WBA) rated BBB by S&P
    • Signalized intersection, across from Walmart Neighborhood Market
    • Orlando MSA - 200,000 people within 5 miles; average HH income of over $85K within 1 mile
    • Strong traffic count of 50,000 VPD
    • Transferable roof warranty
    • New light poles installed in 2015; roof white coat installed in 2013

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    5205 Red Bug Lake Rd
    Winter Springs (Orlando), FL

    Traci BidingerWalgreens