Walgreens Drug
7403 Aloma Avenue, Winter Park, FL 32792
For Sale
Contact for pricing
The property is leased to Walgreens under a triple-net structure with scheduled rent increases.
Property Size15,120 SF
Lot Size2.01 Acres
Price / SF$400
Days on Market51
Property Features for 7403 Aloma Avenue
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Sep 23
Changed: Nov 2
Last Checked: Nov 12 at 6:28AM
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 SURMOUNT
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This drug store property includes 15,120 rentable square feet on an approximately 2.01-acre parcel. Walgreens occupies the building under a triple-net lease that began on February 22, 2024, with a stated term of 15.03 years.
The lease provides for rent increases of 5.00% every five years. The property is located at 7403 Aloma Avenue in Winter Park, Florida.
The lease provides for rent increases of 5.00% every five years. The property is located at 7403 Aloma Avenue in Winter Park, Florida.
Key Highlights
- 15,120 rentable square feet on an estimated 2.01‑acre parcel
- Leased to Walgreens under a 15.03‑year NNN lease
- Lease commenced 2/22/2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$318,117
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,362,340
$6.4M
Cap Rate 7%
$4,544,529
$4.5M
Cap Rate 9%
$3,534,633
$3.5M
Market Conditions
NOI Build-Up for 15,120 SF
Gross rent
$439.1K $29.04/SF
− Vacancy
−$14.9K −$0.99/SF
EGI
$424.2K $28.05/SF
− OpEx
−$106.0K −$7.01/SF
NOI
$318.1K $21.04/SF
Area
Orange County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,362,340
Cap Rate 7%
$4,544,529
Cap Rate 9%
$3,534,633
Alternative Uses
Best Use
Specialty Retail
$4.54M
$3.98M – $5.30M
NOI $318,117 @ 7.0% cap · market cap 5.26%
Second Best
Retail
$4.24M
$3.71M – $4.95M
NOI $296,909 @ 7.0% cap · market cap 4.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
6,114 visits/mo
0.3 miles
Chevron
Shops & Services
3,172 visits/mo
0.3 miles
AutoZone
Shops & Services
3,056 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
2,876 visits/mo
0.1 miles
US Storage Centers
Shops & Services
1,182 visits/mo
0.4 miles
Demographics for 32792, FL
51,376
Population
24,169
Households
2.1
Avg Household Size
36
Median Age
42%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,246
Density / Sq Mi
$66,176
Median Household Income
$39,326
Median Earnings
$1,612
Median Rent
$343,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Kate Le Fevre — 4000 N Goldenrod Rd, Winter Park, FL 327928999
Frequently Asked Questions
What type of property is this?
Drug store - The property is leased to Walgreens under a triple-net structure with scheduled rent increases.
Where is this drug store located?
The property is located at 7403 Aloma Avenue Winter Park, FL.
What is the asking price?
The asking price for this property is $6,048,000.
What are key features of this property?
This property features: 15,120 rentable square feet on an estimated 2.01‑acre parcel; Leased to Walgreens under a 15.03‑year NNN lease; Lease commenced 2/22/2024
