Price $5,274,074 | Built/Renov 2009 | Tenant Walgreens |
Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,820
| Lease Start
09-01-2009
| #Units
8,896
|
Price/SF $355.88 | Expiration
08-31-2034
| Tenant Type Pharmacy |
NOI $356,000 | R. Term 10.8 | Ownership Fee Simple |
Rent/SF
$24.02
| Increases 0.0%/0/yrs | Pop 5Mi 135,760 |
Lot/AC 2.18 | Options 10/5yrs | AHHI 5Mi $97,680 |
| |
This 14,820 square foot Walgreens is situated on a 2.18 acre parcel along C Avenue NE with access to 12,880 vehicles per day. The property is situated just one block north of Blairs Ferry Road (25,000+ VPD), and less than 3 miles from Interstate 380 (67,573 VPD). Neighboring national/credit tenants include Popeyes, Dollar General, Wendy’s, Hobby Lobby, ALDI and many more. A robust population...
...In location for years
Dense retail corridor
Near major nationals
Strategically located
Strong demographics
Major MSA
Long operation history
Absolute NNN
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...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]