Walgreens

8959 International Drive, Orlando, FL
Deal Type:
Net Lease
Price:
$9,151,579
Cap Rate:
4.75%
Current Rent:
$434,700
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
12, 5-Year
Building Sq. Ft.:
14,490 SF
Rent Increases:
5% Every 5 Years
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners

Investment Highlights

  • Commitment: Walgreens has a 30+ year operating history and is signing a new, 15-year abs. NNN lease with 5% rent increases showing their commitment to the location.
  • Irreplaceable Location: Trophy hard corner location within Orlando’s International Drive corridor and adjacent to I-4, a main highway in Orlando with traffic counts of 192,000 VPD.
  • High Traffic Tourist Destination: Close proximity to Universal Orlando Theme Park, which has attendance of more than 20 million visitors annually. There are more than 40 hotels with 16,000+ rooms within the immediate area.
  • Profitable Store: Extremely high performing store with massive sales volumes.
  • Market: Located in the heart of the tourist corridor with close proximity to the city’s top attractions, including: Universal Orlando Resort, SeaWorld, Orlando Convention Center, ICON Park, Orlando Premium Outlets, and more, all within a short 10 minute drive from the property.

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Broker of Record: Jonathan Wolfe, Lic. #BK350717

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