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Walgreens 7403 Aloma Ave 15,120 SF Retail Building Winter Park, FL 32792 $6,048,000 ($400/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Lease with Rental Growth
- Prime Aloma Avenue Location with Strong Retail Corridor
- Strong Corporate Guarantee
- Strong Academic Presence
Executive Summary
Surmount is pleased to present the exclusive listing for a Walgreens located at 7403 Aloma Ave, Winter Park, FL. The site consists of roughly 15,120 rentable square feet of building space on an estimated 2.01-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $362,880 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2000
Price
$6,048,000
Price Per SF
$400
Cap Rate
6%
NOI
$362,880
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.01 AC
Zoning
C-1 - Commercial
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-2230-8368-05-070 | Improvements Assessment | $2,887,330 |
| Land Assessment | $1,555,967 | Total Assessment | $4,443,297 |
Property Taxes
Parcel Number
02-2230-8368-05-070
Land Assessment
$1,555,967
Improvements Assessment
$2,887,330
Total Assessment
$4,443,297
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Walgreens | 7403 Aloma Ave
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