CAP Rate: 7.50%
Net Operating Income: $233,537
Lot Size: 2.345 AC
Year Built: 1998
The Kase Group is proud to offer the fee simple interest in the Walgreens located at 8501 Curry Ford Road in Orlando, FL. The subject property is 14,240 square feet and resides on 2.35 acres of land. Walgreens benefits from a well-positioned, strategic retail location on a hard corner with monument signage and drive-thru. Surrounding national retailers include Publix, CVS, Family Dollar, Wells Fargo, Circle K and Dunkin’ Donuts and Dominos. Walgreens has exercised their 1st of 8, 5-Year Options. Walgreens lease includes percentage rent (potential additional income streams) from store sales. These include: 2.0% from gross sales less food and prescription items and 0.5% from gross sales of food and prescription items.
Orlando is a city in the state of Florida and the county seat of Orange County. Located in Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,387,138, according to U.S. Census Bureau figures released in March 2016, making it the 24th-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida.