CVS Freestanding
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13697 W COLONIAL DR, Winter Garden, FL 34787
Freestanding pharmacy occupied by a corporately guaranteed tenant under an absolute NNN lease.
Property Size13,813 SF
Lot Size1.93 Acres
Price / SF$432.45
Days on Market6
Property Features for 13697 W COLONIAL DR
General Information
Standard status
Active
Size
13,813 SF
Lot size
1.93 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Net Operating Income
$337,500
Additional Details
Corner Location
Yes
Building Details
Year Built
2004
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Northmarq - Chicago
(312) 858-6725
Listed By:
Christian Tremblay · License #475165868
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 3 at 8:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Chicago
Investment Insights
Based on property information with market context.
This freestanding CVS drugstore was constructed in 2004 and contains 13,813 square feet on a 1.93-acre parcel. The property is leased under an absolute NNN structure, with more than 14 years remaining and no landlord responsibilities identified in the lease terms. CVS has operated at the property for over 20 years.
The building occupies a signalized hard-corner position at 13697 W Colonial Drive in Winter Garden, Florida. Its single-tenant format and established pharmacy occupancy provide a straightforward commercial configuration for an owner evaluating a long-term leased retail asset.
The building occupies a signalized hard-corner position at 13697 W Colonial Drive in Winter Garden, Florida. Its single-tenant format and established pharmacy occupancy provide a straightforward commercial configuration for an owner evaluating a long-term leased retail asset.
Key Highlights
- 13,813‑square‑foot freestanding CVS drugstore
- Situated on a 1.93‑acre parcel
- Absolute NNN lease with more than 14 years remaining
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $401.1k | $29.04 |
| − Vacancy | −$13.6k | −$0.99 |
| EGI | $387.5k | $28.05 |
| − OpEx | −$116.2k | −$8.42 |
| NOI | $271.2k | $19.64 |
13,813 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.87M
$3.39M – $4.52M
NOI $271,244 @ 7.0% cap · market cap 4.54%
Second Best
Specialty Retail
$3.81M
$3.33M – $4.44M
NOI $266,396 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$3.93M
$3.44M – $4.59M
NOI $275,155 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
544k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 28%
Groceries 20%
Apparel 5%
Wawa
Shops & Services
59,587 visits/mo
0.3 miles
Publix
Groceries
52,759 visits/mo
0.2 miles
Burger King
Dining
35,499 visits/mo
0.3 miles
Culver's
Dining
33,071 visits/mo
0.1 miles
McDonald's
Dining
31,763 visits/mo
0.3 miles
Demographics for 34787, FL
88,636
Population
33,141
Households
2.7
Avg Household Size
36
Median Age
49%
College-Educated
94%
High-School Grad
67.3 sq mi
ZIP Area
1,317
Density / Sq Mi
$114,988
Median Household Income
$53,995
Median Earnings
$1,994
Median Rent
$475,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Formula Pharmacy — 1201 Winter Garden Vineland Rd #7, Winter Garden, FL 34787
- Santacruz Beauty LLC. Microshading — 13650 W Colonial Dr suite 100, Winter Garden, FL 34787, United States
- Andrew Gjurich — 13750 W Colonial Dr, Winter Garden, FL 347874204
- Dixie Mccune — 13750 W Colonial Dr, Winter Garden, FL 347874204
- Gokul Pharmacy — 1218 Winter Garden Vineland Rd Suite # 112, Winter Garden, FL 34787
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding pharmacy occupied by a corporately guaranteed tenant under an absolute NNN lease.
Where is this drug store located?
The property is located at 13697 W COLONIAL DR Winter Garden, FL.
What is the asking price?
The asking price for this property is $5,973,451.
What are key features of this property?
This property features: 13,813‑square‑foot freestanding CVS drugstore; Situated on a 1.93‑acre parcel; Absolute NNN lease with more than 14 years remaining
