Price $6,500,000 | Built/Renov 2008 | Tenant Walgreens (Dark) GL | Harley Davidson (Sublease) |
Cap Rate 5.43% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
8,299
| Lease Start
04-01-2006
| #Units
8,896
|
Price/SF $783.23 | Expiration
07-31-2032
| Tenant Type Pharmacy |
NOI $352,715 | R. Term 8.7 | Ownership Ground Lease |
Rent/SF
$42.50
| Increases 10.0%/4/yrs | Pop 5Mi 587,736 |
Lot/AC 0.66 | Options 5/5yrs/10% | AHHI 5Mi $106,596 |
| |
The property is positioned at the signalized intersection of Forest Avenue (20,794 VPD) & Van Name Avenue, along the area’s primary thoroughfare. The asset is within close proximity to the Dr MLK Jr Expressway (27,920 VPD), which feeds into I-278 and I-95. There are several nearby national retailers such as The Home Depot, Lowe’s and Kohl’s that help increase consumer draw to the trade area...
...Signalized intersection
Hard corner intersection
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
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...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]