Walgreens – Zero Cashflow Leasehold

Tenant

Walgreen's

Location

Orlando , Florida

Price

$2,521,210

CAP Rate

6.14%

NOI

$154,722

Lease Term

70 Years

Occupancy

100%

Building Size

13,781

Property Type

Single Tenant

Year Built

2010

Lot Size

1.63

Status

Closed

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

  • Surrounded by national tenants including McDonald’s, Red Lobster, Dunkin Donuts, Denny’s, and many more
  • Great demographics – Over 154,000 people within 5 miles and average household income approximately $87,000 within 1 mile
  • Excellent visibility with over 33,000 cars per day
  • Across from Rosen Centre Hotel, a 20-story luxury resort with 8 restaurants
  • Half a mile from Orange County Convention Center, 2 miles from Sea World, and 3.5 miles from Universal Studios

Marcus & Millichap is pleased to exclusively present for sale a part of our  Walgreens Zero Cashflow leasehold portfolio. This Orlando, FL features absolute NNN lease with a firm term of 21 years remaining. There are no rent holidays and the debt is fully self-amortizing. The existing zero cash flow loans must be assumed and include the attractive pay down re-advance feature. This is a unique opportunity for an investor to acquire competitively priced zero cash flow deals backed by a strong investment grade tenant.