Price $4,075,000 | Built/Renov 2002 | Tenant Walgreens |
Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,490
| Lease Start
06-01-2022
| #Units
8,896
|
Price/SF $281.23 | Expiration
05-31-2027
| Tenant Type Pharmacy |
NOI $326,000 | R. Term 3.5 | Ownership Fee Simple |
Rent/SF
$22.50
| Increases 0.0%/4/yrs | Pop 5Mi 201,131 |
Lot/AC 1.54 | Options 10/5yrs | AHHI 5Mi $102,231 |
| |
Walgreens is conveniently located at the signalized, hard corner intersection of S. Yale Avenue and E. 81st St., which see a combined 42,100+ vehicles passing by daily. The site is positioned in a dense retail corridor, with neighboring retailers including Dollar Tree, CVS, McDonald’s, Whole Foods, and many others, creating a strong consumer drive to the trade area. The property is just two...
...Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
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 : | 11,570 | 94,977 | 214,501 |
2023 Total Population : | 11,509 | 93,816 | 210,680 |
2023 Employed Civilian Pop : | 6,506 | 49,434 | 109,438 |
2023 Total Businesses : | 724 | 5,045 | 12,224 |
2023 Average Household Income : | $ 118,005 | $ 103,697 | $ 102,770 |
2023 Total Consumer Spending : | $ 516 M | $ 3631 M | $ 7977 M |
2023 Median Age : | 44 | 41 | 40 |
2023 Total Households : | 5,105 | 40,710 | 90,185 |
2023 Pop Age 25+: Bachelor's Degree : | 3,094 | 21,538 | 44,339 |
2023 Average Home Value : | $ 332,325 | $ 310,992 | $ 314,376 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
E 81st St | S Yale Ave | 2017 | 18,300 | 0.06 mi |
E 81st St | S Yale Ave | 2017 | 20,300 | 0.08 mi |
S Yale Ave | E 81st St | 2017 | 29,000 | 0.10 mi |
S Yale Ave | E 81st St | 2017 | 31,300 | 0.11 mi |
E 81st St | E 24th Pl | 2011 | 15,800 | 0.35 mi |
S Yale Ave | E 77th St | 2011 | 26,200 | 0.36 mi |
E 81st St | Utica Sq | 2015 | 15,300 | 0.38 mi |
East 81st Street | 2019 | 17,100 | 0.48 mi | |
South Yale Avenue | E 87th St | 2019 | 18,900 | 0.51 mi |
South Yale Avenue | S Yale Pl | 2019 | 20,600 | 0.51 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]