•	The tenant currently has 11+ years remaining on their initial lease with
9 (5-year) options to extend, demonstrating their commitment to the site
•	The lease features 5% rental increases at the beginning of each option, growing NOI and hedging against inflation
•	Walgreens currently operates nearly 8,500 retail locations across America, Puerto Rico, and the U.S. Virgin Islands, and serves nearly 10 million customers each day
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
•	No landlord responsibilities
•	Ideal, management-free investment for a passive investor

Offering Memorandum

•	The subject property is located at the signalized, hard corner intersection of Narcoosee Rd and Luminary Blvd which combined average 75,900 VPD
•	The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Aldi, Chick-fil-A, Arby’s, Pet Supermarket, and more
•	Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
•	Furthermore, the asset is in close proximity to Lake Nona Middle School (1,715 students), Eagle Creek Elementary School (841 students), and Lake Nona High School (4,546 students) which increases consumer traffic to the immediate trade area
•	The asset is drive-thru equipped
•	Royal Palm Companies secured $56 million in financing for a new 320-unit Class-A apartment community scheduled to open in early 2027
•	Lake Nona, referred to as “the Future of Cities” by Fortune magazine, ranks among the fastest-growing, best-selling communities in America
•	More than 90,000 residents and 15,000 employees support the trade area
•	$169,531 affluent average household income within a 1-mile radius

Orlando, FL (Lake Nona) - Walgreens

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Demographics	1 Mile	3 Mile	5 Mile
Population	5,663	41,714	90,621
Average Household Income	$169,531	$156,494	$143,707

Investment Offering

Orlando, FL (Lake Nona) - Walgreens

Description

Location

Demographics

Traffic Counts

Documents & Links

Contact

Andrew Fallon

Patrick Nutt