Price $1,636,000 | Built/Renov 1991 | Tenant Walgreens |
Cap Rate 7.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
Size/SF
12,023
| Lease Start
11-01-1991
| #Units
8,896
|
Price/SF $136.07 | Expiration
11-01-2026
| Tenant Type Pharmacy |
NOI $114,545 | R. Term 2.10 | Ownership Fee Simple |
Rent/SF
$9.53
| Increases 0.0%/0/yrs | Pop 5Mi 28,306 |
Lot/AC 0.98 | Options 5/5yrs | AHHI 5Mi $57,607 |
| |
This Walgreens is strategically located at the signalized, hard corner intersection of W. Galena Avenue and State Highway 26, averaging a combined 32,300 vehicles passing by daily. The property is ideally situated within a dense retail corridor, and is within walking distance to Lincoln Mall, a 185,000 SF Community Center anchored by Bargain Maxx and Dollar General. Additionally, Walgreens is...
...Signalized intersection
In location for years
Dense retail corridor
Highway location
Major MSA
Recently extended lease
Strong sales history
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 : | 7,969 | 24,389 | 26,514 |
2023 Total Population : | 8,206 | 25,051 | 27,234 |
2023 Employed Civilian Pop : | 3,643 | 10,714 | 11,859 |
2023 Total Businesses : | 480 | 1,082 | 1,169 |
2023 Average Household Income : | $ 51,686 | $ 65,701 | $ 68,229 |
2023 Total Consumer Spending : | $ 166 M | $ 638 M | $ 721 M |
2023 Median Age : | 39 | 44 | 45 |
2023 Total Households : | 3,659 | 11,118 | 12,123 |
2023 Pop Age 25+: Bachelor's Degree : | 564 | 2,554 | 2,799 |
2023 Average Home Value : | $ 92,513 | $ 113,568 | $ 125,057 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
W Galena Ave | Evergreen St | 2005 | 17,900 | 0.04 mi |
N West Ave | W Ordway St | 2005 | 13,100 | 0.05 mi |
W Galena Ave | N Trunck Ave | 2005 | 17,900 | 0.06 mi |
W Galena Ave | N Railroad Ave | 2005 | 10,100 | 0.07 mi |
IL 26 | W Ordway St | 2021 | 10,600 | 0.11 mi |
W Galena Ave | N Lemon Ave | 2005 | 10,100 | 0.13 mi |
N West Ave | W Galena Ave | 2005 | 14,400 | 0.14 mi |
N West Ave | W Cottonwood St | 2005 | 13,100 | 0.15 mi |
US 20 Business | N Island Ave | 2021 | 12,600 | 0.15 mi |
North West Avenue | 2019 | 6,350 | 0.17 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]