3340 Canoe Crk Rd Saint Cloud, FL 34772-6536
- Drug stores
- 14,761 SF
- 1.86 lot acres
Current Use by Public Records
- Drug stores
Property Details for 3340 Canoe Crk Rd
- Year built
- 2008
- Lot size
- 1.86 lot acres
- Property size
- 14,761 SF
- Zone code
- SHB
- Property type
- Drug stores
- APN
- 272630072500010485
- APU
- 272630072500010485
Description
This exceptional investment opportunity presents a 14,761 square foot Walgreens located at 3340 Canoe Creek Rd, St. Cloud, FL 34772, within the Orlando MSA. The property sits on a 1.86-acre lot and boasts a strong 6.50% cap rate, generating a NOI of $349,000. This single-tenant, net-leased property features a corporate-guaranteed lease with Walgreens, the nation's largest drugstore chain. The lease commenced September 1, 2008, and has a remaining term of approximately 8.8 years, with ten 5-year renewal options extending to August 31, 2033. The property enjoys a prime location, situated as an outparcel to a Publix-anchored center at a signalized intersection with over 36,000 vehicles passing daily. The surrounding area demonstrates robust retail activity, including numerous national brands. The average household income within a one-mile radius is $75,501, projected to increase to $87,838 by 2027. This investment offers exceptional long-term stability and growth potential, backed by a financially strong tenant and a desirable location in a thriving retail corridor. The asking price is $5,369,230. The property was built in 2008 and currently enjoys 100% occupancy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Cloud
- County
- Osceola
- State
- Florida
- Longitude
- -81.2935
- Latitude
- 28.1973
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
