Price $6,569,526 | Built/Renov 2001 | Tenant Walgreens |
Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,820
| Lease Start
08-04-2008
| #Units
8,896
|
Price/SF $443.29 | Expiration
08-04-2033
| Tenant Type Pharmacy |
NOI $443,443 | R. Term 9.7 | Ownership Fee Simple |
Rent/SF
$29.92
| Increases 10.0%/10/yrs | Pop 5Mi 280,788 |
Lot/AC 1.39 | Options 50/1yrs/10% | AHHI 5Mi $74,574 |
| |
Walgreens is strategically located at the signalized, hard corner intersection of George Dieter Drive with access to 56,000 vehicles per day. The site benefits from its location as an outparcel to the Las Palmas Martkeplace with neighboring tenants including Lowe’s, Kohl’s, Ross Dress For Less, Burlington Coat Factory, Office Depot and many others. Additionally, the tenant is less than...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Big Box center
Top 100 MSA
Income tax free state
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...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 4,793 | 109,670 | 286,066 |
2023 Total Population : | 4,785 | 107,997 | 280,788 |
2023 Employed Civilian Pop : | 1,936 | 46,372 | 120,729 |
2023 Total Businesses : | 599 | 3,732 | 6,452 |
2023 Average Household Income : | $ 77,205 | $ 70,294 | $ 74,574 |
2023 Total Consumer Spending : | $ 121 M | $ 2387 M | $ 6403 M |
2023 Median Age : | 35 | 34 | 34 |
2023 Total Households : | 1,818 | 38,705 | 98,036 |
2023 Pop Age 25+: Bachelor's Degree : | 756 | 13,035 | 32,144 |
2023 Average Home Value : | $ 224,165 | $ 199,180 | $ 192,287 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
George Dieter Dr | N Zaragoza Rd | 2002 | 33,340 | 0.03 mi |
George Dieter Dr | Esther Lama Dr | 2002 | 42,350 | 0.13 mi |
N Zaragoza Rd | George Dieter Dr | 2002 | 27,720 | 0.14 mi |
Esther Lama Dr | George Dieter Dr | 2003 | 5,454 | 0.15 mi |
Rojas Dr | Trudy Elaine Dr | 2002 | 11,630 | 0.17 mi |
Rojas Dr | George Dieter Dr | 2002 | 13,550 | 0.18 mi |
George Dieter Dr | Esther Lama Dr | 2006 | 56,000 | 0.20 mi |
George Dieter Dr | Esther Lama Dr | 2014 | 38,614 | 0.22 mi |
Rojas Dr | N Zaragoza Rd | 2002 | 47,000 | 0.24 mi |
George Dieter Drive | Gateway Blvd W | 2020 | 44,142 | 0.25 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]