Price $4,337,560 | Built/Renov 2004 | Tenant Walgreens |
Cap Rate 6.15% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,820
| Lease Start
04-01-2024
| #Units
8,896
|
Price/SF $292.68 | Expiration
03-31-2039
| Tenant Type Pharmacy |
NOI $266,760 | R. Term 15.3 | Ownership Fee Simple |
Rent/SF
$18.00
| Increases 5.0%/5/yrs | Pop 5Mi 200,870 |
Lot/AC 1.44 | Options 12/5yrs/5% | AHHI 5Mi $69,509 |
| |
Walgreens is strategically located at the signalized, hard corner intersection of Fort Street and Eureka Road, with access to a combined traffic count of 50,889 vehicles passing by daily. The property has excellent visibility with two points of ingress and egress, along with a dedicated turn lane for access into the adjoining shopping center. This prime location is situated in a densely...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Major thoroughfare
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 15+ 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 : | 17,203 | 89,049 | 201,331 |
2023 Total Population : | 17,611 | 90,841 | 204,501 |
2023 Employed Civilian Pop : | 8,998 | 45,014 | 96,862 |
2023 Total Businesses : | 498 | 2,424 | 5,273 |
2023 Average Household Income : | $ 79,187 | $ 85,696 | $ 85,296 |
2023 Total Consumer Spending : | $ 546 M | $ 2977 M | $ 6404 M |
2023 Median Age : | 42 | 43 | 43 |
2023 Total Households : | 7,831 | 39,577 | 85,731 |
2023 Pop Age 25+: Bachelor's Degree : | 1,818 | 9,598 | 21,212 |
2023 Average Home Value : | $ 182,974 | $ 182,980 | $ 184,168 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Eureka Rd | Eureka Ave | 2004 | 27,796 | 0.04 mi |
Fort St | Sycamore St | 2012 | 42,643 | 0.06 mi |
Fort St | Orange St | 2012 | 35,357 | 0.10 mi |
Fort St | Phelps St | 2004 | 15,765 | 0.23 mi |
Fort St | Chestnut St | 2004 | 39,425 | 0.28 mi |
Fort St | Orchard St | 2017 | 38,239 | 0.33 mi |
Eureka Rd | James St | 2003 | 21,790 | 0.37 mi |
Fort St | Commonwealth St | 2008 | 46,600 | 0.42 mi |
Superior Ave | Fort St | 2004 | 1,330 | 0.47 mi |
Fort St | Superior Ave | 2017 | 46,793 | 0.48 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]