STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

2353 Ocoee Apopka Road, Ocoee, Florida
Ownership Type:
Fee Simple
Price:
$4,870,000
Cap Rate:
7.00%
Current Rent:
$340,860
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 9.8 years
Renewal Options:
12, Five-year
Building Sq. Ft.:
15,876 SF
Rent Increases:
5% every 5 years
Site Size:
2.13 Acres

Investment Highlights

  • Long Term Commitment: Absolute NNN lease structure with 9+ years remaining and 12, 5 year options to extend.
  • Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
  • High Income Market: The property is situated within an affluent market boasting average household incomes exceeding $97,000 within a two-mile radius, reflecting strong consumer purchasing power and a stable economic base.
  • Well Situated: Strategically positioned near the signalized intersection of West Highway and Ocoee Apopka Road, the property benefits from strong visibility and accessibility with a combined traffic count exceeding 34,000 vehicles per day.
  • Strong Surrounding Retail: Positioned among Publix, McDonald’s, Taco Bell, Starbucks, and Wendy’s, the property enjoys built-in visibility and steady traffic within a thriving retail corridor.
  • Proximity to Ocoee High School: The property sits less than one mile from Ocoee High School, home to more than 2,500 students, drawing steady daily traffic and community engagement that further supports surrounding retailers and drive-thru users.
Ownership Type:
Fee Simple
Price:
$4,870,000
Cap Rate:
7.00%
Current Rent:
$340,860
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 9.8 years
Renewal Options:
12, Five-year
Building Sq. Ft.:
15,876 SF
Rent Increases:
5% every 5 years
Site Size:
2.13 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record:
Sasha Dominguez, BK3339010

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