| Price $4,246,416 | Built/Renov 1980/2014 | Tenant Walgreens |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
13,650
| Lease Start
06-30-2023
| #Units
8,896
|
| Price/SF $311.09 | Expiration
06-30-2038
| Tenant Type Pharmacy |
| NOI $265,401 | R. Term 14.1 | Ownership Fee Simple |
| Rent/SF
$19.44
| Increases 0.0%/0/yrs | Pop 5Mi 11,714 |
| Lot/AC 1.37 | Options 10/5yrs | AHHI 5Mi $102,250 |
| | |
Walgreens is strategically located at the signalized, hard corner intersection of US Hwy 12/Phillips Blvd. and Madison St., the main thoroughfare, with access to 18,300 vehicles passing by daily. The property is situated in a cluster of well-known national tenants, including Jewel-Osco, Piggly Wiggly, Ace Hardware, BMO Bank, O’Reilly Auto Parts, Culver’s, and Dunkin’. Additionally, three car...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,685 | 9,531 | 11,662 |
| 2023 Total Population : | 3,724 | 9,588 | 11,714 |
| 2023 Employed Civilian Pop : | 2,212 | 5,443 | 6,630 |
| 2023 Total Businesses : | 234 | 451 | 501 |
| 2023 Average Household Income : | $ 93,377 | $ 97,311 | $ 102,250 |
| 2023 Total Consumer Spending : | $ 132 M | $ 341 M | $ 430 M |
| 2023 Median Age : | 40 | 41 | 42 |
| 2023 Total Households : | 1,669 | 4,113 | 4,935 |
| 2023 Pop Age 25+: Bachelor's Degree : | 624 | 1,786 | 2,170 |
| 2023 Average Home Value : | $ 268,719 | $ 302,942 | $ 327,662 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Madison Street | Webster Ave | 2021 | 3,500 | 0.04 mi |
| Phillips Blvd | Madison St | 2017 | 16,100 | 0.07 mi |
| Water St | Phillips Blvd | 2017 | 7,800 | 0.15 mi |
| Water Street | Broadway St | 2021 | 7,500 | 0.15 mi |
| Water Street | John Quincy Adams St | 2021 | 1,300 | 0.19 mi |
| 2021 | 1,300 | 0.24 mi | ||
| Madison St | John Quincy Adams St | 2002 | 410 | 0.25 mi |
| Phillips Blvd | Spruce St | 2017 | 15,400 | 0.26 mi |
| Phillips Boulevard | John Adams St | 2021 | 15,000 | 0.26 mi |
| August Derleth Bridge | Water St | 2021 | 18,300 | 0.26 mi |
Jersey Shore, PA
Cap Rate 5.75%
Lease NN+
R. Term 11.40 yrs
Size/SF 10,125
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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