24-Hour CVS Pharmacy with
6790 Central Florida Pkwy Orlando, FL 32821
6790 Central Florida Pkwy, Orlando, FL, 32821
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For Sale
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Freestanding 24-hour CVS on an absolute NNN lease with a dedicated drive-through pharmacy.
Property Size13,483 SF
Price / SF$323.34
Days on Market118
Property Features for 6790 Central Florida Pkwy
General Information
- Standard status
- Active
- Size
- 13,483 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agency
Marcus & Millichap - Salt Lake City
Listed by
Austin Williams -MRED · License #UT 11054719
Source
Crexi
Added: Mar 26 Updated: Jul 20 at 9:30PM Checked: Jul 20 at 9:30PM
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 Marcus & Millichap - Salt Lake City
Investment Insights
Based on property information with market context.
CVS Pharmacy, Store #5400, is offered as a freestanding retail property on an absolute NNN lease. The site operates 24 hours and includes a dedicated drive-through pharmacy. CVS has operated at this location since 2010, and the property is configured as a 13,013 SF building on 1.746 acres.
The property sits at a signalized intersection of Central Florida Parkway and Westwood Boulevard and is immediately adjacent to SeaWorld Orlando in the I-Drive tourism corridor. The lease includes five renewal options extending through 2060. The offering is structured around a debt assumption of an existing $1,537,080 CMBS loan, with a disclosed “zero cash flow” debt assumption approach where CVS rent covers debt service. Alternatively, the seller can defease at closing for a $259,305 penalty to deliver free-and-clear title.
The property sits at a signalized intersection of Central Florida Parkway and Westwood Boulevard and is immediately adjacent to SeaWorld Orlando in the I-Drive tourism corridor. The lease includes five renewal options extending through 2060. The offering is structured around a debt assumption of an existing $1,537,080 CMBS loan, with a disclosed “zero cash flow” debt assumption approach where CVS rent covers debt service. Alternatively, the seller can defease at closing for a $259,305 penalty to deliver free-and-clear title.
Key Highlights
- 13,013 SF freestanding CVS on 1.746 acres immediately adjacent to SeaWorld Orlando (I‑Drive tourism corridor).
- Open 24 hours with a dedicated drive‑through pharmacy; operated at this location since 2010.
- Located at the signalized intersection of Central Florida Pkwy and Westwood Blvd (store #5400 at 6790 Central Florida Pkwy, Orlando, FL 32821).
Local Financial Insights For Specialty 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 | $391.5k | $29.04 |
| − Vacancy | −$13.3k | −$0.99 |
| EGI | $378.2k | $28.05 |
| − OpEx | −$94.6k | −$7.01 |
| NOI | $283.7k | $21.04 |
13,483 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.05M
$3.55M – $4.73M
NOI $283,675 @ 7.0% cap · market cap 6.51%
Second Best
Retail
$3.78M
$3.31M – $4.41M
NOI $264,764 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $304,034 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
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MoneyGram
Bank
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CVS
Pharmacy
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FAQs
What type of property is this?
Drug store - Freestanding 24-hour CVS on an absolute NNN lease with a dedicated drive-through pharmacy.
Where is this drug store located?
The property is located at 6790 Central Florida Pkwy Orlando, FL.
What is the asking price?
The asking price for this property is $4,359,609.
What are key features of this property?
This property features: 13,013 SF freestanding CVS on 1.746 acres immediately adjacent to SeaWorld Orlando (I‑Drive tourism corridor).; Open 24 hours with a dedicated drive‑through pharmacy; operated at this location since 2010.; Located at the signalized intersection of Central Florida Pkwy and Westwood Blvd (store #5400 at 6790 Central Florida Pkwy, Orlando, FL 32821).
