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Browse More Listings in Retail For Sale, Winter Park, FL or Florida

Retail Property For Sale

WALGREENS - TAX FREE STATE - BRING ALL OFFERS

550 S. Orlando Ave., Winter Park, FL 32789

Price:
$7,673,269
Building Size:
13,739 SF
Price/SF:
$558.50
Property Type:
Retail
Property Sub-type:
Street Retail
Additional Sub-types:
Retail (Other)
Retail Pad
Anchor
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
1%
Cap Rate:
7.25%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2008
Lot Size:
64,500 SF
Find Out More...

Last Verified 10/28/2009 Listing ID 16264872

Highlights

New Walgreens -Tax Free State - Bring all Offers !!!
Rare Walgreens w/frontage on 4 streets.
Frestanding building on lighted intersection.

Fortune "50" national credit tenant.
Approx. 60,000 +/-cars per day

Description

Walgreens is located on a corner lot at the intersection of South Orlando Avenue and Fairbanks Avenue. The property is close to other drivers including Winter Park Village, an open air lifestyle center which includes Cheesecake Factory, Ruth' s Chris, Brio, Pier 1 Imports, Coldwater Creek, Regal Cinemas, Border' s and Ann Taylor Loft. CVS Pharmacy, Michael' s, K-Mart, Publix, Fleming' s Steakhouse, Del Frisco' s, Chipotle, McDonald' s, Burger King and Wendy' s, Historic Winter Park which includes upscale shopping along Park Avenue. Property is open listing.

Winter Park, FL is a suburb of Orlando and is home to Rollins College, Full Sail University and the Charles Hosmer Morse Museum of American Art, which houses the largest collection of Tiffany glass on Earth. Winter Park enjoys more parkspace per capita than any other city in Florida. Due to its close proximity of Orlando, Winter Park is a city which many commuters pass through to access downtown Orlando.

Financial Summary

Major Tenant Information

Actual
Net Operating Income
$556,312

Tenant	SF Occupied	Lease Expired
WALGREENS	13,739	7/1/2033

Map of 550 S. Orlando Ave., Winter Park, FL 32789 (Orange County)

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Presented by

LEM Real Estate - Specialists in Real Estate Occupied by Walgreens

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Contact Listing Broker

Dan Lem - Specialists in Real Estate Occupied by Walgreens (415) 385-7381

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Created 6/4/2009

Additional Information for 550 S Orlando Avenue, Winter Park, FL 32789

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - WALGREENS - TAX FREE STATE - BRING ALL OFFERS

550 S. Orlando Ave., Winter Park, FL, 32789