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| Price $4,443,548 | Built/Renov 2002 | Tenant Walgreens |
| Cap Rate 6.20% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
13,678
| Lease Start
11-21-2023
| #Units
13,532
|
| Price/SF $324.87 | Expiration
11-30-2038
| Tenant Type Pharmacy |
| NOI $275,500 | R. Term 13.11 | Ownership Fee Simple |
| Rent/SF
$20.14
| Increases 5.0%/5/yrs | Pop 5Mi 127,647 |
| Lot/AC 1.58 | Options 12/5yrs/5% | AHHI 5Mi $130,657 |
| | |
Walgreens is strategically located at the signalized, hard-corner intersection of S Battlefield Blvd. and Mt. Pleasant Road, with access to a substantial combined daily traffic count of 51,000 vehicles. The property is positioned immediately adjacent to Papa John's and the Great Bridge Shopping Center, which is anchored by Kroger. Additionally, it is directly across from the Wilson Village...
...Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
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 : | 7,309 | 70,722 | 130,947 |
| 2023 Total Population : | 7,160 | 69,499 | 127,647 |
| 2023 Employed Civilian Pop : | 3,667 | 34,809 | 64,287 |
| 2023 Total Businesses : | 408 | 1,802 | 4,186 |
| 2023 Average Household Income : | $ 120,635 | $ 139,765 | $ 130,657 |
| 2023 Total Consumer Spending : | $ 280 M | $ 2973 M | $ 5250 M |
| 2023 Median Age : | 42 | 41 | 40 |
| 2023 Total Households : | 2,725 | 25,171 | 47,462 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,251 | 14,236 | 24,346 |
| 2023 Average Home Value : | $ 403,455 | $ 435,957 | $ 425,806 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Battlefield Blvd S | Mount Pleasant Rd | 2016 | 32,000 | 0.06 mi |
| Mount Pleasant Road | Mount Pleasant Rd | 2021 | 18,000 | 0.07 mi |
| Woodford Dr | Mount Pleasant Rd | 2016 | 21,000 | 0.07 mi |
| South Battlefield Boulevard | Old Dr | 2020 | 28,000 | 0.07 mi |
| Woodford Drive | Bridgeview Cir | 2021 | 900 | 0.11 mi |
| South Battlefield Boulevard | Old Dr | 2018 | 32,000 | 0.11 mi |
| Woodford Drive | Bridgeview Cir | 2018 | 840 | 0.12 mi |
| Newberry Dr | Nottingham Dr | 2011 | 720 | 0.23 mi |
| Mount Pleasant Rd | Stadium Dr | 2015 | 20,000 | 0.28 mi |
| Mount Pleasant Road | Stadium Dr | 2018 | 19,000 | 0.28 mi |
Chicago, IL
Cap Rate 7.15%
Lease Abs NNN
R. Term 6.40 yrs
Size/SF 17,500
Columbiana, AL
Cap Rate 6.50%
Lease Abs NNN
R. Term 11.30 yrs
Size/SF 13,992
Granbury, TX
Cap Rate 6.75%
Lease Abs NNN
R. Term 6.40 yrs
Size/SF 13,368
Metairie, LA
Cap Rate 5.20%
Lease Abs NNN
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Size/SF 13,225
Jersey Shore, PA
Cap Rate 5.75%
Lease NN+
R. Term 10.11 yrs
Size/SF 10,125
Cypress, TX
Cap Rate 5.77%
Lease Abs NNN
R. Term 7.30 yrs
Size/SF 12,725
New Braunfels, TX
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 13,038
Meridianville, AL
Cap Rate 7.10%
Lease Abs NNN
R. Term 9.20 yrs
Size/SF 13,225
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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