3001 Simpson Rd Kissimmee, FL 34744-4680
- Drug stores
- 14,475 SF
- 1.71 lot acres
Current Use by Public Records
- LibertyX Bitcoin ATM / Atm
- Blue Rhino Propane Exchange / Propane Supplier
- Redbox / Movie Rental Kiosk / Dvd Store
- FedEx OnSite / Mailing Service
- Manuel Lugo / Physician Assistant
Property Details for 3001 Simpson Rd
- Year built
- 2003
- Lot size
- 1.71 lot acres
- Property size
- 14,475 SF
- Zone code
- OPD
- Property type
- Drug stores
- APN
- 42530541500010010
- APU
- 42530541500010010
Description
This exceptional investment opportunity presents a 14,560 square foot Walgreens located at 3001 Simpson Rd, Kissimmee, FL 34744. The property boasts a highly desirable absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. The current lease term extends until October 31, 2028, with a remaining term of approximately 3.9 years. The property generates a substantial NOI of $274,800, resulting in a compelling 6.87% cap rate. Built in 2003, this single-building retail property benefits from its strategic location on the signalized corner of Simpson Road and East Osceola Parkway, a high-traffic area exceeding 46,000 vehicles daily. The surrounding area is experiencing significant growth, including newly constructed apartment complexes with over 300 units and further planned multifamily developments totaling over 1,750 units and 50,000 square feet of commercial space. Proximity to major hospitals, including Veteran Affairs Medical Hospital, Nemours Children's Hospital, and UCF Lake Nona Hospital, further enhances the property's value. The strong demographics, with over 70,667 people within a 1-mile radius and an average household income exceeding $74,390, contribute to the property's consistent performance. The location also benefits from its proximity to major Orlando attractions and the Orlando International Airport. This is a rare opportunity to acquire a stable, high-performing net lease property in a rapidly growing market, offering significant long-term investment potential in a state with no state income tax.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kissimmee
- County
- Osceola
- State
- Florida
- Longitude
- -81.3256
- Latitude
- 28.3421
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
