WINTER PARK, FL-On the heels of closing a $7.7 millionWalgreen’s in Winter Park, Brett Chetek, first vice president at CBRichard Ellis in St. Louis, has exclusively listed a 15-storeWalgreens portfolio across five states.
Chetek represented a private investor from Greensville, S.C. inthe purchase of the Walgreens in Winter Park. The seller, GECapital, redeveloped the Shell gas station site as a Walgreens in2008. The store sits on the corner of South Orlando Ave. andFairbanks Ave. The deal closed at a 7.25% cap rate in 60 days.
“This is not the typical prototype Walgreens store,” Chetektells GlobeSt.com. “It has high architectural details and fits inwell with the Downtown Winter Park environment. Twenty-three yearsare remaining on the 25-year triple net lease.”
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