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Walgreens 2353 Ocoee Apopka Rd 15,876 SF Retail Building Ocoee, FL 34761 $4,870,000 ($306.75/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease structure with 9+ years remaining and 12, 5 year options to extend
- Positioned among Publix, McDonald’s, Taco Bell, Starbucks, and Wendy’s, the property enjoys built-in visibility and steady traffic
- Strategically positioned near the signalized intersection of West Highway and Ocoee Apopka Road
EXECUTIVE SUMMARY
Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
The property is situated within an affluent market boasting average household incomes exceeding $97,000 within a two-mile radius, reflecting strong consumer purchasing power and a stable economic base.
The property sits less than one mile from Ocoee High School, home to more than 2,500 students, drawing steady daily traffic and community engagement that further supports surrounding retailers and drive-thru users.
The property is situated within an affluent market boasting average household incomes exceeding $97,000 within a two-mile radius, reflecting strong consumer purchasing power and a stable economic base.
The property sits less than one mile from Ocoee High School, home to more than 2,500 students, drawing steady daily traffic and community engagement that further supports surrounding retailers and drive-thru users.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,876 SF
Building Class
B
Year Built
2011
Price
$4,870,000
Price Per SF
$306.75
Cap Rate
7%
NOI
$340,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.13 AC
Zoning
C-2 - WEST ROAD COMMERCIAL SUBDIVISION 77/60 LOT 1
Parking
84 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
Fifth Third Bank
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Walgreens | 2353 Ocoee Apopka Rd
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