Price $4,400,000 | Built/Renov 2004 | Tenant Walgreens |
Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,820
| Lease Start
10-11-2004
| #Units
8,896
|
Price/SF $296.90 | Expiration
10-31-2029
| Tenant Type Pharmacy |
NOI $352,000 | R. Term 5.10 | Ownership Fee Simple |
Rent/SF
$23.75
| Increases 0.0%/0/yrs | Pop 5Mi 355,305 |
Lot/AC 1.02 | Options 10/5yrs | AHHI 5Mi $73,479 |
| |
Walgreens is strategically located at the signalized, hard corner intersection of Cleveland Ave and E Kenworth Road, with access to a combined traffic count of 19,200 vehicles passing by daily. The property has excellent visibility with two entry and exit points and is located adjacent to the Northern Lights Shopping Center, a major retail hub anchored by the Saraga International Marketplace...
...Signalized intersection
Dense retail corridor
Near major nationals
Strategically located
Highway location
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
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 : | 18,350 | 152,429 | 382,651 |
2023 Total Population : | 18,514 | 152,252 | 375,266 |
2023 Employed Civilian Pop : | 8,439 | 74,731 | 199,297 |
2023 Total Businesses : | 403 | 3,458 | 13,054 |
2023 Average Household Income : | $ 54,193 | $ 68,649 | $ 82,342 |
2023 Total Consumer Spending : | $ 334 M | $ 3581 M | $ 11278 M |
2023 Median Age : | 36 | 32 | 32 |
2023 Total Households : | 7,006 | 59,438 | 156,799 |
2023 Pop Age 25+: Bachelor's Degree : | 1,217 | 19,047 | 63,292 |
2023 Average Home Value : | $ 172,139 | $ 234,463 | $ 286,053 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]