5190 S Conway Rd - Drug Store FOR SALE


Orlando, FL 32812- Lake Conway
$5,427,615 USD
781-776-4003
5190 S Conway Rd, Orlando, FL for Sale
$5,427,615 USD
Drug Store - FOR SALE
1/7
null | 5.75% Cap Rate

5190 S Conway Rd
Orlando, FL 32812
Lake Conway


HIGHLIGHTS

  • Long Term Lease
  • Site Commitment
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located 5190 South Conway Road in Orlando, Florida (the “Property”). The build to suit property was developed in 2003, and CVS demonstrated their commitment to the site in 2020 by extending their lease for an additional 20 years. There are currently 15 years of term remaining followed by four (4), 5-year renewal options. The lease calls for 5% increases at the start of each renewal option. The Property is situated on a highly visible corner parcel at the signalized intersection of South Conway Road and Hoffner Avenue, directly across from a Publix-anchored retail center. CVS enjoys outstanding visibility and frontage with multiple points of access and a drive thru. The intersection of South Conway Road and Hoffner Avenue hosts a number of national tenants that draw consumers and is surrounded by dense residential neighborhoods that provide a robust consumer base. The Property is situated between Downtown Orlando and Orlando International Airport, with easy access for residents as well as for the millions of visitors to Orlando’s famous theme parks and attractions.

FOR SALE DETAILS

PRICE

$5,427,615 USD

PRICE/SF

$329 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

17-2330-0000-00-036

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.