| Price $3,190,592 | Built/Renov 2008 | Tenant Walgreens |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,428
| Lease Start
06-30-2023
| #Units
8,896
|
| Price/SF $221.14 | Expiration
06-30-2038
| Tenant Type Pharmacy |
| NOI $199,412 | R. Term 14.1 | Ownership Fee Simple |
| Rent/SF
$13.82
| Increases 0.0%/0/yrs | Pop 5Mi 10,586 |
| Lot/AC 1.99 | Options 10/5yrs | AHHI 5Mi $117,568 |
| | |
Walgreens is strategically located at the hard corner intersection of US 18-151/Springdale St. and Perimeter Rd Springdale Street, with access to 9,800 vehicles passing by daily. Additionally, the property is situated in close proximity to US Highway 18 (25,000 VPD). The area is surrounded by national retailers including Ace Hardware, McDonald’s, Old National Bank, O’Reilly Auto Parts, and...
...Dense retail corridor
Near major nationals
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Walgreens is strategically located at the hard corner intersection of US 18-151/Springdale St. and Perimeter Rd Springdale Street, with access to 9,800 vehicles passing by daily. Additionally, the...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,398 | 8,854 | 10,621 |
| 2023 Total Population : | 5,357 | 8,817 | 10,586 |
| 2023 Employed Civilian Pop : | 3,065 | 5,046 | 6,045 |
| 2023 Total Businesses : | 251 | 376 | 431 |
| 2023 Average Household Income : | $ 111,596 | $ 112,368 | $ 117,568 |
| 2023 Total Consumer Spending : | $ 201 M | $ 331 M | $ 416 M |
| 2023 Median Age : | 38 | 38 | 40 |
| 2023 Total Households : | 2,093 | 3,434 | 4,129 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,281 | 2,059 | 2,433 |
| 2023 Average Home Value : | $ 396,908 | $ 402,427 | $ 432,017 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Perimeter Rd | Co Hwy Id | 2009 | 1,300 | 0.10 mi |
| Perimeter Rd | E Lincoln St | 2009 | 1,800 | 0.18 mi |
| Perimeter Rd | Golfview Dr | 2009 | 1,100 | 0.34 mi |
| Springdale St | N 8th St | 2018 | 9,800 | 0.43 mi |
| N 8th St | Alaska St | 2009 | 5,100 | 0.47 mi |
| N 8th St | Springdale St | 2009 | 8,100 | 0.47 mi |
| State Highway 78 | Sunset Ln | 2021 | 7,700 | 0.48 mi |
| State Highway 78 | Springdale St | 2019 | 8,400 | 0.48 mi |
| S 8th St | E Lincoln St | 2018 | 5,600 | 0.50 mi |
| E Garfield St | S 8th St | 2009 | 1,900 | 0.51 mi |
Bainbridge, GA
Cap Rate 6.00%
Lease NN+
R. Term 13.20 yrs
Size/SF 10,199
Gainesville, GA
Cap Rate 5.40%
Lease Abs NNN
R. Term 15.40 yrs
Size/SF 10,921
Beaumont, TX
Cap Rate 6.50%
Lease Abs NNN
R. Term 12.90 yrs
Size/SF 10,908
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
