Price $4,200,000 | Built/Renov 2012 | Tenant Walgreens |
Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
12,355
| Lease Start
09-01-2023
| #Units
8,896
|
Price/SF $339.94 | Expiration
09-01-2038
| Tenant Type Pharmacy |
NOI $252,000 | R. Term 14.8 | Ownership Fee Simple |
Rent/SF
$20.40
| Increases 5.0%/5/yrs | Pop 5Mi 145,464 |
Lot/AC 0.95 | Options 10/5yrs/5% | AHHI 5Mi $95,107 |
| |
This newly construction Starbucks, equipped with a drive-thru, is located on South Four J Road which sees 14,400, vehicles passing by daily. It is also adjacent to the signalized intersection at Four J Road and Lakeway Road (15,500 VPD). Nearby major nationals include Walmart, JoAnn, Hobby Lobby, Marshalls, and more, creating a strong consumer drive to the immediate trade area. The site...
...Signalized intersection
Hard corner intersection
Near major nationals
Highway close
Top 100 MSA
Strong demographics
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 : | 9,965 | 68,381 | 145,257 |
2023 Total Population : | 9,487 | 67,581 | 144,265 |
2023 Employed Civilian Pop : | 5,382 | 34,444 | 74,049 |
2023 Total Businesses : | 249 | 2,700 | 10,432 |
2023 Average Household Income : | $ 80,904 | $ 90,196 | $ 88,915 |
2023 Total Consumer Spending : | $ 333 M | $ 2183 M | $ 4873 M |
2023 Median Age : | 26 | 26 | 32 |
2023 Total Households : | 4,688 | 27,647 | 62,867 |
2023 Pop Age 25+: Bachelor's Degree : | 1,944 | 10,963 | 25,188 |
2023 Average Home Value : | $ 414,802 | $ 403,859 | $ 370,622 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
West Lee Drive | Highland Rd | 2021 | 29,925 | 0.07 mi |
Lee Drive | Boone Ave | 2021 | 20,854 | 0.17 mi |
LA 42 | Clara Dr | 2021 | 22,310 | 0.22 mi |
LA 42 | Ben Hur Rd | 2021 | 12,379 | 0.28 mi |
West Lee Drive | Burbank Dr | 2021 | 2,108 | 0.33 mi |
Burbank Dr | W Lee Dr | 2011 | 22,406 | 0.42 mi |
West Lee Drive | Etta St | 2021 | 16,550 | 0.48 mi |
Lee Drive | Bennett Dr | 2021 | 23,420 | 0.76 mi |
LA 30 | Dean Lee Dr | 2021 | 16,389 | 0.79 mi |
Oxford Avenue | L S U Ave | 2021 | 14,012 | 0.88 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]