955 Winter Park Dr 1001 Casselberry, FL 32707-5437

This exceptional investment opportunity presents a fee-simple ownership of a Walgreens retail property located at 955 S Winter Park Dr, Casselberry, FL 32707, within the Orlando MSA. The 13,855 square foot building sits on a 1.84-acre lot and is currently operating under a corporate-guaranteed, absolute NNN lease with Walgreens (NASDAQ: WBA). The lease commenced November 21, 2023, and has a remaining term of approximately 14 years, expiring November 30, 2038. The lease includes twelve, 5-year options with a 5% rent increase every five years, providing significant long-term income growth. The property boasts a 6.00% cap rate and a net operating income (NOI) of $318,665, with an asking price of $5,311,083 ($383.33 per square foot). The property benefits from a highly visible location at a signalized intersection experiencing over 100,000 combined vehicles per day. Additional features include a drive-thru pharmacy and the advantage of being located in a no-income-tax state. This is a rare opportunity to acquire a stable, high-performing asset with built-in rent escalations and minimal landlord responsibilities. The absolute NNN lease structure further minimizes management burdens, making this an ideal investment for passive income seekers. The property's strong tenant, long lease term, and favorable location combine to create a compelling investment proposition.