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13697 W Colonial Dr
Winter Garden, FL 34787
CVS Pharmacy · Retail Property For Sale
Investment Highlights
- Long-Term Operating History At Site With Early Extension
- Signalized Hard-Corner Location With Exceptional Vehicle Counts
- Affluent Orlando MSA Demographics
- Premier Winter Garden Retail Corridor
- Nationally Recognized Investment-Grade Tenant
- Favorable Florida Tax Environment
Executive Summary
Northmarq is pleased to present the opportunity to acquire a CVS Pharmacy located at 13697 W. Colonial Drive in Winter Garden, Florida (the "Property"), an investment-grade, corporately-guaranteed tenant that has operated at this signalized hard-corner location for over 20 years. The Property consists of a 13,813-square-foot freestanding building on a 1.93-acre parcel, secured by an absolute NNN lease with more than 14 years of term remaining and no landlord responsibilities. Please contact broker for further information and discussion regarding asset.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,813 SF
Building Class
B
Year Built
2005
Price
$5,973,451
Price Per SF
$432.45
Cap Rate
5.65%
NOI
$337,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.93 AC
Zoning
C-2
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 23-2227-4036-00-051 | Improvements Assessment | $2,394,150 |
| Land Assessment | $1,614,605 | Total Assessment | $4,008,755 |
Property Taxes
Parcel Number
23-2227-4036-00-051
Land Assessment
$1,614,605
Improvements Assessment
$2,394,150
Total Assessment
$4,008,755
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