Walgreens

Walgreens – Apopka, FL (Orlando MSA)

This Walgreens Pharmacy located in Apopka, Florida, presents a compelling opportunity to acquire a single-tenant, absolute triple-net (NNN) leased investment in a rapidly growing suburban market within the Orlando Metropolitan Statistical Area (MSA). Backed by Walgreens Boots Alliance, a Fortune 500, investment-grade tenant, the lease offers investors a truly passive ownership experience with long-term, predictable income and zero landlord responsibilities.

Located on a major arterial corridor with high traffic counts and surrounded by residential growth, this Walgreens site benefits from strong market fundamentals, healthcare demand, and proximity to major economic drivers throughout Central Florida. The combination of national credit tenancy, essential services, and strategic positioning in one of the country’s most dynamic metro areas makes this an ideal investment for buyers seeking stability, income preservation, and portfolio diversification.

Tenant Overview – Walgreens Boots Alliance

Walgreens is a subsidiary of Walgreens Boots Alliance (NASDAQ: WBA), one of the world’s largest pharmacy and retail health companies. With more than 8,000 U.S. locations, Walgreens serves millions of customers annually and is known for its trusted reputation in prescription fulfillment, over-the-counter medication, vaccines, wellness services, and convenience goods. Walgreens stores are deeply embedded into the communities they serve and are frequently visited for essential healthcare needs.

Walgreens continues to evolve its business by expanding healthcare services, integrating in-store clinics, and leveraging partnerships like VillageMD to roll out full-service primary care across its real estate footprint. This shift into integrated care solutions makes Walgreens even more indispensable in suburban and regional markets, further reinforcing its value as a long-term tenant.

With strong lease retention, consistent foot traffic, and recession-resistant operations, Walgreens remains one of the most desirable net lease tenants in the country.

Lease Structure – Absolute NNN

The Apopka Walgreens location is subject to an absolute triple-net lease, meaning the tenant is responsible for all property-related expenses, including taxes, insurance, common area maintenance, repairs, and capital improvements. For the owner, this translates into truly passive income with no management or capital exposure.

Key lease features include:

• Absolute NNN lease with no landlord obligations
• Long base term with multiple renewal options
• Rental escalations over time providing inflation protection
• Lease guaranteed by Walgreens Boots Alliance corporate entity
• Ideal investment structure for 1031 exchanges and long-term holds

This type of lease structure is optimal for private investors, family offices, and institutions seeking secure, management-free income anchored by investment-grade credit.

Market Overview – Apopka, FL (Orlando MSA)

Apopka is one of the fastest-growing suburban cities in Central Florida, located just 15 miles northwest of Downtown Orlando. Known as the “Indoor Foliage Capital of the World,” Apopka combines natural beauty with strong economic and residential development. Its strategic location near State Roads 429 and 441 provides excellent regional access, supporting steady population growth and increasing commercial demand.

Apopka serves as a bedroom community to Orlando, drawing young professionals, families, and retirees alike. The city has experienced a surge in new residential communities, retail developments, and infrastructure improvements, including the Wekiva Parkway expansion. With rising home values and a growing population, Apopka is becoming a preferred alternative to the increasingly congested Orlando core.

The property benefits from these regional growth trends, ensuring long-term consumer demand and relevance of the pharmacy’s services.

Demographics and Economic Fundamentals

The area surrounding the Walgreens store in Apopka exhibits strong demographic indicators:

• Over 150,000 residents within a 5-mile radius
• Median household income levels exceeding national averages
• High homeownership rates and strong school districts
• Robust employment driven by tourism, healthcare, education, and logistics
• Growing retiree and senior population requiring recurring pharmacy and healthcare services

Apopka also benefits from its proximity to major healthcare providers, including AdventHealth Apopka and Orlando Health, as well as a thriving network of primary care and specialty clinics. These factors create a reliable base of prescription fulfillment demand and repeat customer traffic for the Walgreens location.

Retail Corridor and Site Attributes

The property sits on a highly visible retail corridor, providing excellent exposure to vehicular and pedestrian traffic. It is strategically positioned near schools, residential subdivisions, and other daily-needs retailers—creating synergy and cross-shopping benefits that help maintain strong in-store sales performance.

Site highlights include:

• Hard-corner location or signalized intersection positioning
• Dedicated drive-thru pharmacy lane for convenience
• Ample on-site parking and easy ingress/egress
• Close proximity to Publix, Walmart, CVS, and other national brands
• Consistent traffic flow and consumer visibility from nearby commuter routes

Walgreens stores with drive-thru capabilities, strong retail positioning, and surrounding residential density are some of the most resilient and high-performing assets in the net lease landscape.

Tenant Creditworthiness – Walgreens Boots Alliance

Walgreens Boots Alliance is one of the most creditworthy tenants in the single-tenant retail sector. The company maintains investment-grade credit ratings and generates over $130 billion in annual revenue.

Credit profile highlights:

• Publicly traded: NASDAQ: WBA
• S&P Credit Rating: BBB (Investment Grade)
• 100+ years of pharmacy operations
• High lease renewal rates and strong store-level performance
• Significant real estate footprint with long-term occupancy strategy

As a tenant, Walgreens provides excellent financial strength, operational stability, and a proven record of fulfilling lease obligations across all market types—urban, suburban, and rural.

Investment Highlights

• Single-tenant Walgreens with absolute NNN lease and no landlord responsibilities
• Corporate guarantee from Walgreens Boots Alliance (investment-grade tenant)
• Located in Apopka, one of Central Florida’s fastest-growing suburban cities
• Strong demographics with high incomes, growing population, and stable employment base
• Strategic retail positioning in a high-traffic corridor with daily essential demand
• Drive-thru pharmacy and neighborhood access create lasting tenant viability
• Lease structure includes rental escalations and options to extend
• Ideal for 1031 exchange, trust planning, or portfolio diversification
• Recession-resistant, healthcare-aligned tenant with national brand strength

Conclusion

The Walgreens Pharmacy in Apopka, FL represents a prime net lease opportunity in one of the most desirable suburban markets within the Orlando MSA. With a long-term absolute NNN lease, zero management obligations, and a location surrounded by high-growth residential and healthcare demand, this investment offers the rare combination of income security, tenant strength, and real estate fundamentals.

Backed by Walgreens Boots Alliance, a trusted national brand with a deep healthcare footprint, this property aligns with the growing investor preference for essential-service, credit-backed assets in top-tier Sun Belt locations. Whether you’re seeking a passive hold, long-term inflation hedge, or high-quality addition to a net lease portfolio, this Walgreens in Apopka checks every box for stability, yield, and performance.