Views: 0 DOM: 38 Updated: 11.28.23 Posted: 11.03.23 Status: Active


Price $7,410,000
Built/Renov 2007
Tenant Walgreens
Cap Rate 5.80%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 08-26-2022
#Units 2,022
Price/SF $500.00
Expiration 08-31-2035
Tenant Type Pharmacy
NOI $429,780
R. Term 11.8
Ownership Fee Simple
Rent/SF $29.00
Increases 5.0%/4/yrs
Pop 5Mi 171,895
Lot/AC 1.81
Options 12/5yrs/5%
AHHI 5Mi $64,579

Lease Highlights

  • Walgreens has 11+ years remaining on the current lease term with 12 (5-year) options to extend
  • Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)

Location Description

Walgreens is strategically positioned, with great visibility, at the intersection of SW 152nd Ave and Campbell Drive, which see a combined 43,400+ vehicles passing by daily. Additionally, it is located along the entrance and exit ramps of the Ronald Reagan Turnpike, which sees vehicle counts in excess of 75,600 per day. The property sits as an outparcel to a Publix anchored center which...



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  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:2,022
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock:NASDAQ: WBA

About 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 : 21,507 124,185 196,897
2023 Total Population : 21,913 122,678 191,516
2023 Employed Civilian Pop : 9,749 57,692 87,338
2023 Total Businesses : 355 2,954 4,298
2023 Average Household Income : $ 90,221 $ 78,400 $ 75,285
2023 Total Consumer Spending : $ 518 M $ 2596 M $ 3850 M
2023 Median Age : 34 32 32
2023 Total Households : 6,605 37,891 58,530
2023 Pop Age 25+: Bachelor's Degree : 2,989 13,336 18,878
2023 Average Home Value : $ 393,868 $ 370,079 $ 371,991
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
SW 152nd Ave 2022 9,600 0.13 mi
Southwest 312th Street NE 30th Ave 2022 33,000 0.16 mi
NE 26th Ave 2022 6,700 0.26 mi
NE 4th St 2022 2,000 0.34 mi
Newton Rd 2022 16,000 0.52 mi
W Dade Expy SW 312th St 2009 33,800 0.55 mi
NE 3rd Ct 2022 2,000 0.56 mi
Southwest 152nd Avenue SW 298th Ter 2021 9,800 0.93 mi
Southwest 152nd Avenue SW 280th St 2022 10,000 0.93 mi
Homestead Extension of Florida's Turnpike SW 288th St 2020 59,500 0.93 mi

Listing Broker

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