STREAM Capital Partners > Properties > Available Properties > Walgreens

Walgreens

Net Lease

12650 International Dr S., Orlando, Florida
Ownership Type:
Fee Simple
Price:
$8,114,400
Cap Rate:
6.25%
Current Rent:
$507,150
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
13 years
Renewal Options:
12, 5-year options
Building Sq. Ft.:
14,367 SF
Rent Increases:
5% in years 6, 11, and option periods (next increase is 12/1/27)
Site Size:
1.80 Acres

Investment Highlights

  • Iconic International Drive Location: The property is located on International Drive, minutes from major theme parks like SeaWorld, Universal Epic Orlando, Epcot, and Disney Magic Kingdom. Orlando’s iconic parks generate between 70-75 million visitors annually, providing a consistent flow of customers and generous spending for Walgreens and the surrounding area.
  • Long Term Site History: Walgreens has operated at the site since 2003 recently executed a lease extension, demonstrating their long term commitment to the site and customer base.
  • Absolute NNN Lease: Walgreens features an absolute NNN lease with rare 5% rent increases every 5 years, providing a completely passive ownership structure.
  • High Visibility Publix Outparcel: The property sits on a 1.80 acre site in front of Publix and is situated at the signalized corner of International Dr. and Vineland Ave., featuring 36,000 VPD. The Orlando Vineland Premium Outlets are located blocks away and other national retailers in the immediate vicinity include Target, Chick-fil-A, Aldi, Ross Dress for Less, Burlington, Chipotle, McDonalds, Outback Steakhouse, and others.
Ownership Type:
Fee Simple
Price:
$8,114,400
Cap Rate:
6.25%
Current Rent:
$507,150
Lease Type:
Triple Net
Lease Term:
13 years
Renewal Options:
12, 5-year options
Building Sq. Ft.:
14,367 SF
Rent Increases:
5% in years 6, 11, and option periods (next increase is 12/1/27)
Site Size:
1.80 Acres

Listing Agents

Graham Gold

Senior Vice President
314 324 8792[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Sasha Dominguez, BK3339010

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