Price $8,162,600 | Built/Renov 2008 | Tenant Walgreens |
Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,490
| Lease Start
10-01-2008
| #Units
8,896
|
Price/SF $563.33 | Expiration
09-30-2033
| Tenant Type Pharmacy |
NOI $408,130 | R. Term 9.9 | Ownership Fee Simple |
Rent/SF
$28.17
| Increases 0.0%/0/yrs | Pop 5Mi 98,877 |
Lot/AC 1.53 | Options 10/5yrs | AHHI 5Mi $89,239 |
| |
The property is located near the high traffic, signalized, hard-corner intersection of S. Perryville Road and Harrison Avenue with a combined daily traffic volume of 55,000 VPD. S. Perryville Rd is the major north-south retail thoroughfare serving the region and averages 28,000 VPD. The asset is less than 2 miles southeast of Forest Plaza, a 435,000SF shopping mall with major tenants including...
...Signalized intersection
High traffic 50M+ VPD
Freeway close
Affluent suburb location
Major MSA
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
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 : | 3,864 | 36,582 | 99,416 |
2023 Total Population : | 3,818 | 36,351 | 98,846 |
2023 Employed Civilian Pop : | 1,628 | 16,948 | 46,394 |
2023 Total Businesses : | 258 | 1,944 | 3,399 |
2023 Average Household Income : | $ 89,827 | $ 83,210 | $ 84,958 |
2023 Total Consumer Spending : | $ 133 M | $ 1133 M | $ 3009 M |
2023 Median Age : | 54 | 43 | 42 |
2023 Total Households : | 1,728 | 15,673 | 40,812 |
2023 Pop Age 25+: Bachelor's Degree : | 547 | 5,252 | 13,069 |
2023 Average Home Value : | $ 184,280 | $ 178,011 | $ 169,330 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
S Perryville Rd | Charles St | 2004 | 20,600 | 0.05 mi |
South Perryville Road | 2017 | 19,300 | 0.08 mi | |
S Perryville Rd | Charles St | 2004 | 22,800 | 0.09 mi |
Harrison Avenue | S Perryville Rd | 2017 | 19,000 | 0.13 mi |
Charles St | S Perryville Rd | 2004 | 5,700 | 0.13 mi |
Frontage Road | 2017 | 175 | 0.14 mi | |
Harrison Ave | S Perryville Rd | 2004 | 18,700 | 0.15 mi |
S Perryville Rd | Harrison Ave | 2004 | 10,200 | 0.17 mi |
Harrison Ave | S Perryville Rd | 2004 | 16,100 | 0.19 mi |
S Perryville Rd | N Cherryvale Mall Dr | 2004 | 22,800 | 0.20 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]