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| Price $2,781,500 $2,990,000 | Built/Renov 2023 | Tenant MD Now Urgent Care |
| Cap Rate 5.37% 5.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
3,250
| Lease Start
03-01-2023
| #Units
78
|
| Price/SF $855.85 $920.00 | Expiration
02-28-2033
| Tenant Type Medical/Health |
| NOI $149,500 | R. Term 7.9 | Ownership Fee Simple |
| Rent/SF
$46.00
| Increases 10.0%/6/yrs | Pop 5Mi 195,693 |
| Lot/AC 0.57 | Options 2/5yrs/10% | AHHI 5Mi $115,938 |
| | |
The subject property is ideally positioned as an outparcel Publix-anchored shopping center known as Woods Walk Plaza (88,000sf). The asset is located at the signalized, hard corner intersection of Lake Worth Road and US Highway 441 with a combined 106,900 vehicles per day. The entire trade area is supported by several national/credit tenants including Walgreens, Burger King, Chase, Publix, and...
...New construction
High traffic 50M+ VPD
Shopping Ctr out-parcel
Highway location
Dense 100M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Income tax free state
Population increase trend
Brand new lease
Long 10+ yr lease
MD Now is a Florida-based provider of independent urgent care services. They were founded in 2004 and currently have more than 75 clinics across 10 counties in Florida. Their state-of-the-art,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,053 | 60,049 | 197,043 |
| 2023 Total Population : | 7,052 | 57,702 | 195,568 |
| 2023 Employed Civilian Pop : | 3,407 | 27,110 | 97,251 |
| 2023 Total Businesses : | 317 | 2,507 | 7,498 |
| 2023 Average Household Income : | $ 155,610 | $ 139,000 | $ 115,320 |
| 2023 Total Consumer Spending : | $ 355 M | $ 2618 M | $ 7094 M |
| 2023 Median Age : | 46 | 49 | 44 |
| 2023 Total Households : | 2,730 | 22,250 | 71,715 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,340 | 11,557 | 32,910 |
| 2023 Average Home Value : | $ 555,692 | $ 490,540 | $ 424,841 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Lake Worth Rd | Range Line Rd | 2013 | 34,794 | 0.02 mi |
| Range Line Rd | Lake Worth Rd | 2017 | 64,268 | 0.11 mi |
| Lake Worth Rd | Range Line Rd | 2019 | 28,212 | 0.13 mi |
| Range Line Rd | Lake Worth Rd | 2016 | 42,000 | 0.13 mi |
| Lake Worth Rd | Woods Walk Blvd | 2016 | 40,000 | 0.14 mi |
| Woods Walk Blvd | Lake Worth Rd | 2013 | 4,620 | 0.19 mi |
| Lake Worth Rd | Woods Walk Blvd | 2018 | 39,252 | 0.27 mi |
| Lake Worth Rd | Wycliffe Country Club Blvd | 2016 | 27,500 | 0.33 mi |
| Range Line Rd | Lake Worth Rd | 2013 | 41,864 | 0.33 mi |
| Lake Worth Road | Woods Walk Blvd | 2020 | 38,000 | 0.40 mi |
Panama City Beach, FL
Cap Rate 5.90%
Lease NN+
R. Term 8.10 yrs
Size/SF 3,600
Longwood, FL
Cap Rate 6.00%
Lease NN+
R. Term 8.10 yrs
Size/SF 5,826
Tucson, AZ
Cap Rate 5.90%
Lease Abs NNN
R. Term 3.10 yrs
Size/SF 9,369
Concord, NC
Cap Rate 5.85%
Lease NN+
R. Term 7.90 yrs
Size/SF 4,262
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
