Walgreens

13700 East Colonial Dr, Orlando, FL
Deal Type:
Net Lease
Price:
$6,300,000
Cap Rate:
4.80%
Current Rent:
$302,400
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Twelve, 5 Year Options
Building Sq. Ft.:
16,980 SF
Rent Increases:
5% every 5-years, including options
Site Size:
2.0 Acres

Investment Highlights

  • Commitment: Brand new 15-year lease with 5% rental escalations throughout the initial term and options.
  • Irreplaceable Location: Property is situated at the intersection of East Colonial Drive & Bridgeway Boulevard with over 42,000 vehicles per day, a short drive away from the University of Central Florida & Waterford Lakes Town Center Shopping Mall.
  • Tax Benefit: Investors can depreciate land and building due to fee simple ownership structure. No state income tax.
  • Demographics: Over 200,000 residents and average household incomes of $94,307 within a 5-mile radius in an area experiencing explosive population growth.
  • Credit: Opportunity to acquire an investment grade (S&P: BBB) trophy asset with frontage along East Colonial Drive in Orlando.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Taylor Trepinski

Vice President
786 684 1975
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Jonathan Wolfe, Lic. #BK350717

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