7425 E Colonial Dr
Orlando, FL 32807
CVS: Orlando, FL · Retail Property For Sale

The CBRE NET LEASE PROPERTY GROUP is pleased to exclusively offer a 11,215-square-foot free-standing CVS situated on 1.23 acres in Orlando, FL (MSA Population: 2.3 million), just 7 miles east of Orlando’s CBD. Built in 1998, CVS just signed a lease extension on its absolute NNN lease, demonstrating their commitment to the site. The lease now has 10 years of term remaining with four 5-year options to renew and rare 2.5% rent escalations every 5 years throughout the term. The property is strategically located with excellent frontage and visibility on a hard corner at the signalized intersection of Goldenrod Road and Colonial Drive (Combined Traffic Count: 80,000 VPD). The property is also ideally positioned immediately adjacent to McDonald’s and Subway and directly across from a shopping center anchored by Sam’s Club. Other occupants of the center include Wendy’s, Burger King, Dairy Queen, Taco Bell, Circle K and Amscot. CVS is also situated proximate to many of the area’s points of interest including Barry University (1.3 miles to the west), the 295-bed Florida Hospital East Orlando (2.5 miles to the southeast) and the Orlando Executive Airport (3 miles to the southwest). In addition, the property benefits from its location within the area’s primary retail and commercial corridor, with 7.5 MSF of retail, 2 MSF of office, 1 MSF of industrial and 17,004 multifamily units within a 3-mile radius. Other major retailers with a presence in the immediate vicinity include The Home Depot, Target, PetSmart, Walmart Neighborhood Market, Publix, Wawa, Nissan, Kia, AutoZone, Advance Auto Parts, Family Dollar and Chili’s among many others. Additionally, the property benefits from infill demographics, with a population of 111,330 and an average household income of $65,713 within a 3-mile radius.