Orlando, FL $5,896,800 / 5.00% CAP
Investment Highlights(1)
  • Rare 15-year Walgreens Lease with 5% rent increases every 5-years, providing exceedingly more cash flow than a traditional flat Walgreens Lease
  • Well-established location with drive-thru: The property benefits from a drive-through window to deliver prescription and non-prescription drugs along with many other essential retail items during the COVID-19 pandemic. Walgreens has an 12-year operational history at this location and the new 15-year absolute NNN lease (with increases) reflects their re-commitment to this location for the foreseeable future.
  • Irreplaceable 4-way signalized corner location with traffic counts of 53,980 VPD along University Boulevard
  • Strong demographics with an average household income of $74,761 within a one-mile radius of the property
  • Investment Grade Tenant - Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., and rated Baa2/Stable by Moody’s
Established retailer operating & assisting U.S. authorities during the COVID-19 pandemic
As a global, pharmacy-led health care company, Walgreens Boots Alliance has been working to ensure the safety and well-being of their colleagues, patients and customers during the pandemic of COVID-19. Their retail pharmacies have worked to provide up-to-date information and public health guidelines to customers, and their emergency response teams across the business are actively working to find ways to play a greater role in what has become a global emergency – including working with the United States federal government to expand access to COVID-19 testing.
(1) Lease Terms, Guarantor, Operational History, MSA designation, Essential Retailer Status, and Moody’s Ratings are estimates. Buyer is responsible for verifying during the Due Diligence process.

Special COVID-19 Notice: All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)
JOHN GLASS
Executive Managing Director
CA DRE License: 00980723
Office: (415) 625-2114
JASON HERNANDEZ
First Vice President
CA DRE License: 01392646
Office: (916) 724-1300
Ryan Nee | FL Broker of Record