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| Price $8,200,000 | Built/Renov 2003 | Tenant Walgreens |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,490
| Lease Start
09-01-2003
| #Units
13,532
|
| Price/SF $565.91 | Expiration
08-31-2028
| Tenant Type Pharmacy |
| NOI $492,000 | R. Term 3.8 | Ownership Fee Simple |
| Rent/SF
$33.95
| Increases 0.0%/0/yrs | Pop 5Mi 77,855 |
| Lot/AC 1.68 | Options 0/0yrs | AHHI 5Mi $93,120 |
| | |
Walgreens is strategically located at the signalized, hard corner intersection of West Bay Drive and Indian Rocks Road, with a combined daily traffic count of 31,500 vehicles. The property boasts exceptional access points, allowing for easy entry and exit from both Indian Rocks Road and Valencia Boulevard. Conveniently, it's just a short 5-minute drive to Belleair Beach. Additionally, it...
...Signalized intersection
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Absolute NNN
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 : | 10,566 | 77,421 | 192,638 |
| 2023 Total Population : | 10,778 | 77,855 | 194,196 |
| 2023 Employed Civilian Pop : | 5,601 | 38,119 | 97,504 |
| 2023 Total Businesses : | 556 | 3,662 | 9,756 |
| 2023 Average Household Income : | $ 109,508 | $ 93,120 | $ 92,893 |
| 2023 Total Consumer Spending : | $ 484 M | $ 3027 M | $ 7199 M |
| 2023 Median Age : | 53 | 54 | 52 |
| 2023 Total Households : | 5,134 | 37,366 | 89,323 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,644 | 12,288 | 33,700 |
| 2023 Average Home Value : | $ 485,978 | $ 395,198 | $ 385,268 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Indian Rocks Rd | W Bay Dr | 2011 | 12,568 | 0.13 mi |
| South Indian Rocks Road | Bel Forest Dr | 2020 | 14,000 | 0.15 mi |
| South Indian Rocks Road | Bel Forest Dr | 2022 | 13,500 | 0.15 mi |
| West Bay Drive | Sunset Blvd | 2022 | 18,900 | 0.22 mi |
| N Indian Rocks Rd | Bay WayAve | 2011 | 9,359 | 0.28 mi |
| W Bay Dr | Kilgore Dr | 2011 | 22,131 | 0.35 mi |
| 8th Ave SW | Knollwood Dr | 2011 | 4,600 | 0.43 mi |
| 20th Street Northwest | Sierra Cir S | 2022 | 4,200 | 0.51 mi |
| W Bay Dr | Harbor View Ln | 2011 | 18,500 | 0.52 mi |
| Oakwood Dr | Palmetto Ln | 2003 | 16,645 | 0.72 mi |
Miami, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 23.60 yrs
Size/SF 13,295
Gainesville, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 10.10 yrs
Size/SF 12,900
Elk Grove, CA
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 31,324
Dallas, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 10.50 yrs
Size/SF 13,420
Davenport, FL
Cap Rate 5.25%
Lease Abs NNN
R. Term 12.40 yrs
Size/SF 13,802
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
__2042635464.png "RIPCO Real Estate")
__280740601.png "RIPCO Real Estate")
