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Walgreens - Orlando, FL (Lake Nona) 14400 Narcoossee Rd 14,820 SF 100% Leased Retail Building Orlando, FL 32832 $10,930,000 ($737.52/SF) 5.70% Cap Rate
Executive Summary
-Walgreens currently has 11+ years remaining on their initial lease with 9 (5-year) options to extend
-5% rental increases at the beginning of each option
-Located at the signalized, hard corner intersection of Narcoosee Rd and Luminary Blvd which combined average 75,900 VPD
-Located in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Aldi, Chick-fil-A, Arby’s, Pet Supermarket, and more
-Close proximity to Lake Nona Middle School (1,715 students), Eagle Creek Elementary School (841 students), and Lake Nona High School (4,546 students)
-Equipped with a drive-thru
-Royal Palm Companies secured $56 million in financing for a new 320-unit Class-A apartment community scheduled to open in early 2027
-Lake Nona, referred to as “the Future of Cities” by Fortune magazine, ranks among the fastest-growing, best-selling communities in America
-More than 90,000 residents and 15,000 employees support the trade area
-$169,531 affluent average household income within a 1-mile radius
-5% rental increases at the beginning of each option
-Located at the signalized, hard corner intersection of Narcoosee Rd and Luminary Blvd which combined average 75,900 VPD
-Located in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Aldi, Chick-fil-A, Arby’s, Pet Supermarket, and more
-Close proximity to Lake Nona Middle School (1,715 students), Eagle Creek Elementary School (841 students), and Lake Nona High School (4,546 students)
-Equipped with a drive-thru
-Royal Palm Companies secured $56 million in financing for a new 320-unit Class-A apartment community scheduled to open in early 2027
-Lake Nona, referred to as “the Future of Cities” by Fortune magazine, ranks among the fastest-growing, best-selling communities in America
-More than 90,000 residents and 15,000 employees support the trade area
-$169,531 affluent average household income within a 1-mile radius
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Year Built
2025
Price
$10,930,000
Price Per SF
$737.52
Cap Rate
5.70%
NOI
$623,000
Percent Leased
100%
Building Height
1 Story
Nearby Major Retailers
1 of 13
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Walgreens - Orlando, FL (Lake Nona) | 14400 Narcoossee Rd
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