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| Price $2,400,000 $2,568,000 | Built/Renov 2004 | Tenant Walgreens |
| Cap Rate 8.35% 7.80% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
13,813
| Lease Start
09-23-2004
| #Units
8,896
|
| Price/SF $173.75 $185.91 | Expiration
09-30-2029
| Tenant Type Pharmacy |
| NOI $200,288 | R. Term 4.2 | Ownership Fee Simple |
| Rent/SF
$14.50
| Increases 5.0%/6/yrs | Pop 5Mi 23,891 |
| Lot/AC 2.00 | Options 4/5yrs/5% | AHHI 5Mi $59,877 |
| | |
Walgreens is strategically located at the signalized, hard corner intersection on Freeway Drive and Vance Street, with a combined daily traffic count of 26,595 vehicles. The immediate area features several well-known national retailers including Walmart, Lowe’s, Food Lion, Bojangles, Hardee’s, Taco Bell, Napa, and more. Nearby, there are parks and outdoor recreational facilities such as Lake...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
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 : | 3,037 | 15,817 | 23,381 |
| 2023 Total Population : | 3,111 | 16,178 | 23,787 |
| 2023 Employed Civilian Pop : | 1,097 | 6,160 | 9,528 |
| 2023 Total Businesses : | 146 | 791 | 1,032 |
| 2023 Average Household Income : | $ 55,843 | $ 55,807 | $ 61,599 |
| 2023 Total Consumer Spending : | $ 70 M | $ 357 M | $ 563 M |
| 2023 Median Age : | 42 | 45 | 46 |
| 2023 Total Households : | 1,437 | 7,257 | 10,361 |
| 2023 Pop Age 25+: Bachelor's Degree : | 364 | 1,883 | 2,448 |
| 2023 Average Home Value : | $ 173,346 | $ 187,051 | $ 188,389 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Freeway Drive | Vance St | 2019 | 18,000 | 0.14 mi |
| Freeway Drive | Gibbs Lake Rd | 2021 | 17,500 | 0.16 mi |
| Vance St | Cedar St | 2004 | 5,700 | 0.17 mi |
| Wood Wind Apartment | 2021 | 5,400 | 0.19 mi | |
| NC 87 | Mark Rd | 2021 | 1,700 | 0.36 mi |
| Mark Rd | 2021 | 1,000 | 0.37 mi | |
| NC 87 | Freeway Dr | 2021 | 1,700 | 0.41 mi |
| Reid School Rd | Price Acres Rd | 2004 | 3,200 | 0.49 mi |
| W Harrison St | Walters St | 2018 | 7,700 | 0.53 mi |
| State Hwy 87 | 2021 | 1,400 | 0.53 mi |
Grand Rapids, MI
Cap Rate 7.45%
Lease NN+
R. Term 4.10 yrs
Size/SF 13,792
Tifton, GA
Cap Rate 8.00%
Lease Abs NNN
R. Term 4.60 yrs
Size/SF 10,940
Plattsburgh, NY
Cap Rate 7.00%
Lease NN+
R. Term 9.60 yrs
Size/SF 11,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
