Retail

Walgreens - Orlando, FL

12100 S Apopka Vineland Rd, Orlando, FL, 32836-6801, US

Walgreens - Orlando, FL_Property for Sale

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Walgreens - Orlando, FL 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present for sale the Walgreens (the “Property” or “Asset”) located at 12100 South Apopka Vineland Road in Orlando, FL. The 15,120 SF building was built in 1997 and features an absolute NNN lease with 5.0% increases every five years. This is a rare opportunity to acquire an trophy asset leased to an investment-grade credit tenant in an affluent trade area at a highly attractive yield.


Within a five-mile radius of the Property, local demographics are rare and favorable with a population growth of 60% and an average household income over $110,000. The Property is located near Orlando's Disney World Resort and is less than one-mile from Evermore Orlando Resort, a 1,100-acre resort complex that includes a 20-acre lagoon beach, a 433-room Conrad Hotel, and a new golf course designed by Jack Nicklaus.

Attributes

Building area gross
15,120 sf
Occupancy
100.00%
Year built
1997

Investment highlights

  • Trophy Asset – Corner Site Down the Street From Entrance of Walt Disney World, the Most Visited Vacation Resort in the World With 58 Million Average Annual Visitors & $75.2 Billion in Annual Economic Impact to the Surrounding Community)
  • Proximate to Dart Interest’s Evermore Orlando Resort, a $1.5 Billion, 1,100-Acre Resort Complex Development With 10,000-Rooms Slated To Come Online
  • Located in Strong Retail & Tourism Corridor With Over 1.8M SF of Retail Space and 59 Hotels in the Immediate S Apopka Vineland Rd Corridor
  • Exposure to Over 240,000 VPD via the Interchange at Interstate 4 and State Road 535 (Also Known As S Apopka Vineland Rd)

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Last updated
Nov 30, 2022