Price $6,727,000 | Built/Renov 2014 | Tenant Walgreens |
Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
11,200
| Lease Start
04-14-2014
| #Units
8,896
|
Price/SF $600.63 | Expiration
04-14-2034
| Tenant Type Pharmacy |
NOI $386,820 | R. Term 10.4 | Ownership Fee Simple |
Rent/SF
$34.54
| Increases 0.0%/0/yrs | Pop 5Mi 122,254 |
Lot/AC 1.51 | Options 50/1yrs | AHHI 5Mi $84,934 |
| |
Walgreens is strategically located along the signalized, hard corner intersection of East Victory Drive and Skidaway Road with access to 52,300 vehicles per day. The site benefits from nearby access to Harry S. Truman Parkway (28,800 VPD), making this an ideal, centralized location with easy commutes. The asset is ideally positioned adjacent to Victory Square, a 400,000 SF power center that’s...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Highway location
Strong demographics
Major MSA
Absolute NNN
Long 10+ 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 : | 11,569 | 75,284 | 124,087 |
2023 Total Population : | 11,715 | 74,590 | 122,254 |
2023 Employed Civilian Pop : | 5,707 | 36,143 | 56,714 |
2023 Total Businesses : | 478 | 2,974 | 6,809 |
2023 Average Household Income : | $ 69,789 | $ 87,489 | $ 84,934 |
2023 Total Consumer Spending : | $ 288 M | $ 2455 M | $ 3720 M |
2023 Median Age : | 36 | 37 | 35 |
2023 Total Households : | 4,729 | 32,100 | 50,117 |
2023 Pop Age 25+: Bachelor's Degree : | 1,118 | 11,789 | 16,902 |
2023 Average Home Value : | $ 275,668 | $ 384,366 | $ 369,153 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Chisholm Street | Clars Ave | 2021 | 290 | 0.18 mi |
Chisholm Street | Clars Ave | 2019 | 280 | 0.18 mi |
East Victory Drive | Dixie Ave | 2021 | 30,700 | 0.18 mi |
East Victory Drive | Shuptrine Ave | 2018 | 30,900 | 0.18 mi |
Shell Rd | Gibbons St | 2005 | 2,870 | 0.20 mi |
E Victory Dr | Shuptrine Ave | 2012 | 32,670 | 0.23 mi |
Rowland Ave | Roger Lacey Ave | 2005 | 5,720 | 0.25 mi |
Skidaway Road | 49th St | 2019 | 17,100 | 0.25 mi |
Bayberry Dr | 2021 | 17,000 | 0.25 mi | |
Skidaway Road | 49th St | 2018 | 16,900 | 0.25 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]