Price $5,155,000 | Built/Renov 2007 | Tenant Walgreens |
Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,820
| Lease Start
02-01-2023
| #Units
8,896
|
Price/SF $347.84 | Expiration
01-31-2038
| Tenant Type Pharmacy |
NOI $296,400 | R. Term 14.1 | Ownership Fee Simple |
Rent/SF
$20.00
| Increases 5.0%/5/yrs | Pop 5Mi 43,154 |
Lot/AC 1.39 | Options 12/5yrs/5% | AHHI 5Mi $113,358 |
| |
Walgreens is strategically located at the signalized, hard corner intersection of State Highway 99E and Southwest Berg Parkway which supports over 29,000 vehicles per day. Furthermore, the asset is ideally positioned adjacent to Canby Square, a 117,000 SF neighborhood center that’s home to Safeway, Big 5, Ace Hardware, Dollar Tree, and more. Other nearby national/credit tenants include Fred...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
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 : | 8,596 | 22,568 | 44,459 |
2023 Total Population : | 8,330 | 22,066 | 43,575 |
2023 Employed Civilian Pop : | 3,871 | 10,633 | 20,899 |
2023 Total Businesses : | 480 | 829 | 1,628 |
2023 Average Household Income : | $ 100,420 | $ 110,013 | $ 116,573 |
2023 Total Consumer Spending : | $ 271 M | $ 770 M | $ 1701 M |
2023 Median Age : | 41 | 41 | 42 |
2023 Total Households : | 3,132 | 8,187 | 16,968 |
2023 Pop Age 25+: Bachelor's Degree : | 1,050 | 3,372 | 8,247 |
2023 Average Home Value : | $ 421,743 | $ 538,128 | $ 622,863 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Pacific Hwy | SW 1st Ave | 2009 | 2,430 | 0.03 mi |
SW 1st Ave | Pacific Hwy | 2012 | 22,200 | 0.04 mi |
Southwest Pacific Highway East | 2018 | 21,100 | 0.10 mi | |
Pacific Highway East | SW Berg Pkwy | 2018 | 23,900 | 0.11 mi |
SW Berg Pkwy | 2009 | 5,550 | 0.13 mi | |
Southwest Pacific Highway East | SW 1st Ave | 2020 | 19,502 | 0.21 mi |
Southwest Pacific Highway East | N Oak St | 2021 | 21,589 | 0.21 mi |
NW 3rd Ave | N Cedar St | 2009 | 1,230 | 0.29 mi |
N Cedar St | NW 3rd Ave | 2009 | 2,170 | 0.30 mi |
N Cedar St | NW 3rd Ave | 2009 | 1,850 | 0.35 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]