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| Price $14,900,000 $15,500,000 | Built/Renov 1999 | Tenant Walmart |
| Cap Rate 6.76% 6.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
183,211
| Lease Start
01-27-1999
| #Units
9,690
|
| Price/SF $81.33 $84.60 | Expiration
01-31-2029
| Tenant Type Big Box Retail |
| NOI $1,007,660 | R. Term 4.0 | Ownership Fee Simple |
| Rent/SF
$5.50
| Increases 0.0%/0/yrs | Pop 5Mi 65,082 |
| Lot/AC 19.79 | Options 4/5yrs | AHHI 5Mi $63,794 |
| | |
Walmart is strategically located on Highway 28 Bypass, with access to 25,400 vehicles passing by daily. The property is surrounded by well-known national tenants, including Lowe’s Home Improvement, Tractor Supply Co., ALDI, McDonald’s, Taco Bell, Bojangles, Zaxby’s, and more. The 5-mile trade area is supported by a population of 65,082 residents with an average household income of $63,794....
...Signalized intersection
In location for years
Dense retail corridor
Highway location
Top 100 MSA
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States....
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 2,507 | 32,051 | 67,682 |
| 2024 Total Population : | 2,488 | 31,112 | 65,891 |
| 2024 Employed Civilian Pop : | 984 | 12,657 | 28,703 |
| 2024 Total Businesses : | 115 | 1,543 | 2,924 |
| 2024 Average Household Income : | $ 50,021 | $ 52,587 | $ 67,811 |
| 2024 Total Consumer Spending : | $ 48 M | $ 596 M | $ 1642 M |
| 2024 Median Age : | 42 | 38 | 39 |
| 2024 Total Households : | 1,063 | 12,592 | 27,120 |
| 2024 Pop Age 25+: Bachelor's Degree : | 151 | 1,998 | 6,431 |
| 2024 Average Home Value : | $ 166,014 | $ 180,745 | $ 257,332 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Monitor Drive | Hazelwood Dr | 2021 | 1,950 | 0.33 mi |
| Lewis Street | Dianna St | 2022 | 2,300 | 0.54 mi |
| State Highway 28 | Frampton St | 2021 | 24,200 | 0.60 mi |
| State Highway 28 | Greentree Cir | 2022 | 25,100 | 0.60 mi |
| State Highway 28 | Greentree Cir | 2022 | 23,200 | 0.61 mi |
| State Highway 28 | Joey St | 2021 | 24,600 | 0.61 mi |
| Dobbins Bridge Road | Edwards Dr | 2022 | 4,200 | 0.64 mi |
| West Market Street | 47 | 2022 | 6,800 | 0.82 mi |
| West Market Street | Gunter St S | 2021 | 4,600 | 0.90 mi |
| Southwood Street | 415 | 2022 | 2,200 | 0.91 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
