Price $9,133,333 | Built/Renov 2007 | Tenant Walgreens |
Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
14,823
| Lease Start
07-01-2007
| #Units
8,896
|
Price/SF $616.16 | Expiration
06-30-2032
| Tenant Type Pharmacy |
NOI $479,500 | R. Term 8.6 | Ownership Fee Simple |
Rent/SF
$32.35
| Increases 0.0%/0/yrs | Pop 5Mi 304,312 |
Lot/AC 0.99 | Options 10/5yrs | AHHI 5Mi $74,179 |
| |
Walgreens is strategically located at the signalized, hard corner intersection of Oakland Avenue and Locust Street, averaging a combined 35,500 vehicles passing by daily. The asset benefits from direct access onto State Highway 32 (19,500 VPD), State Highway 190 (38,700 VPD), and Interstate 43 (148,000 VPD), providing direct access across the Milwaukee MSA. Walgreens is ideally situated within...
...Signalized intersection
Dense retail corridor
Freeway close
University college close
Hospital close
Highway close
Top 100 MSA
Strong demographics
Absolute NNN
Traded and rated company
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 : | 33,679 | 138,724 | 305,027 |
2023 Total Population : | 33,994 | 136,070 | 302,695 |
2023 Employed Civilian Pop : | 20,052 | 69,829 | 136,395 |
2023 Total Businesses : | 839 | 6,631 | 11,472 |
2023 Average Household Income : | $ 89,527 | $ 91,438 | $ 77,509 |
2023 Total Consumer Spending : | $ 1247 M | $ 5146 M | $ 8817 M |
2023 Median Age : | 27 | 32 | 31 |
2023 Total Households : | 15,854 | 64,374 | 129,459 |
2023 Pop Age 25+: Bachelor's Degree : | 6,614 | 25,643 | 40,424 |
2023 Average Home Value : | $ 353,756 | $ 320,462 | $ 271,819 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
N Oakland Ave | E Linnwood Ave | 2010 | 11,600 | 0.02 mi |
E Locust St | N Murray Ave | 2010 | 10,600 | 0.11 mi |
North Oakland Avenue | E Kenwood Blvd | 2019 | 11,000 | 0.12 mi |
E Locust St | N Newhall St | 2007 | 23,000 | 0.13 mi |
E Kenwood Blvd | N Murray Ave | 2004 | 10,600 | 0.20 mi |
N Maryland Ave | E Linnwood Ave | 2010 | 5,600 | 0.23 mi |
N Maryland Ave | E Locust St | 2010 | 6,300 | 0.27 mi |
East Kenwood Boulevard | N Maryland Ave | 2019 | 4,400 | 0.27 mi |
N Oakland Ave | E Hampshire St | 2019 | 10,800 | 0.30 mi |
East Kenwood Boulevard | N Maryland Ave | 2019 | 5,100 | 0.32 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]