3001 Simpson RdKissimmee, FL 34744

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.