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| Price $4,968,000 | Built/Renov 2008 | Tenant Walgreens |
| Cap Rate 6.15% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,742
| Lease Start
11-21-2023
| #Units
13,532
|
| Price/SF $337.00 | Expiration
11-30-2038
| Tenant Type Pharmacy |
| NOI $305,550 | R. Term 14.2 | Ownership Fee Simple |
| Rent/SF
$20.73
| Increases 5.0%/5/yrs | Pop 5Mi 37,267 |
| Lot/AC 1.56 | Options 12/5yrs/5% | AHHI 5Mi $141,708 |
| | |
Walgreens is strategically located at the signalized, hard corner intersection of Crain Highway and Hawthorne Road, with a substantial combined daily traffic volume of 45,600 vehicles. Crain Highway serves as the primary retail thoroughfare in the area. In the nearby vicinity, there are well-known national tenants such as McDonald's, Starbucks, Chick-fil-A, Five Guys, and more. Additionally,...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Traded and rated company
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 : | 4,571 | 16,259 | 40,020 |
| 2023 Total Population : | 4,341 | 15,601 | 37,267 |
| 2023 Employed Civilian Pop : | 1,836 | 7,268 | 17,787 |
| 2023 Total Businesses : | 564 | 798 | 1,362 |
| 2023 Average Household Income : | $ 120,576 | $ 140,672 | $ 141,708 |
| 2023 Total Consumer Spending : | $ 165 M | $ 673 M | $ 1607 M |
| 2023 Median Age : | 42 | 43 | 40 |
| 2023 Total Households : | 1,615 | 5,656 | 13,465 |
| 2023 Pop Age 25+: Bachelor's Degree : | 567 | 2,263 | 4,958 |
| 2023 Average Home Value : | $ 392,527 | $ 430,644 | $ 447,122 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Hawthorne Drive | Crain Hwy | 2018 | 4,270 | 0.06 mi |
| Hawthorne Dr | Harford St | 2020 | 3,572 | 0.10 mi |
| Crain Highway | W Hawthorne Dr | 2018 | 37,942 | 0.14 mi |
| Washington Ave | Spruce St | 2003 | 10,775 | 0.31 mi |
| Crain Highway | W Hawthorne Dr | 2020 | 33,581 | 0.33 mi |
| Washington Avenue | Prospect St | 2018 | 10,840 | 0.40 mi |
| W Hawthorne Dr | Pine St | 2008 | 12,061 | 0.42 mi |
| Crain Hwy | PkwySubdivision Rd | 2008 | 41,283 | 0.48 mi |
| Washington Ave | Prospect St | 2003 | 11,772 | 0.49 mi |
| Crain Highway | 2017 | 38,281 | 0.62 mi |
Meridianville, AL
Cap Rate 7.10%
Lease Abs NNN
R. Term 9.50 yrs
Size/SF 13,225
Cypress, TX
Cap Rate 5.77%
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Size/SF 12,725
Irvington, NJ
Cap Rate 5.75%
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R. Term 17.10 yrs
Size/SF 12,300
Sheboygan, WI
Cap Rate 5.57%
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Size/SF 14,200
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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