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| Price $4,552,000 | Built/Renov 2004 | Tenant Walgreens |
| Cap Rate 7.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,490
| Lease Start
12-01-2004
| #Units
13,532
|
| Price/SF $314.15 | Expiration
11-30-2029
| Tenant Type Pharmacy |
| NOI $330,020 | R. Term 4.7 | Ownership Fee Simple |
| Rent/SF
$22.77
| Increases 0.0%/0/yrs | Pop 5Mi 83,347 |
| Lot/AC 3.82 | Options 10/5yrs | AHHI 5Mi $109,074 |
| | |
Walgreens is strategically located on Long Hill Road, with access to 20,895 vehicles passing by daily. The property serves as the anchor tenant within the Lighthouse Square Shopping Center, which attracts over 332K visitors per year according to Placer.ai data. Moreover, it is conveniently situated just 2.5 miles from the General Dynamics Electric Boat manufacturing port, which employs...
...Signalized intersection
In location for years
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
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 : | 6,741 | 49,396 | 80,173 |
| 2023 Total Population : | 6,902 | 50,123 | 81,327 |
| 2023 Employed Civilian Pop : | 4,024 | 23,060 | 38,117 |
| 2023 Total Businesses : | 384 | 2,204 | 3,528 |
| 2023 Average Household Income : | $ 94,720 | $ 78,865 | $ 98,614 |
| 2023 Total Consumer Spending : | $ 305 M | $ 1439 M | $ 2895 M |
| 2023 Median Age : | 39 | 34 | 38 |
| 2023 Total Households : | 3,700 | 20,889 | 33,967 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,107 | 5,781 | 11,294 |
| 2023 Average Home Value : | $ 225,495 | $ 287,854 | $ 340,852 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Long Hill Road | Maxson Rd | 2022 | 1,224 | 0.06 mi |
| Long Hill Rd | Wayne Rd | 2002 | 22,700 | 0.08 mi |
| Long Hill Road | Wayne Rd | 2020 | 17,400 | 0.13 mi |
| Meridian Street Extension | Clarence B Sharp Hwy | 2020 | 3,200 | 0.16 mi |
| Wayne Road | Bradford Cir | 2020 | 400 | 0.21 mi |
| Clarence B Sharp Hwy | Long Hill Rd | 2020 | 700 | 0.31 mi |
| Clarence B Sharp Hwy | Long Hill Rd | 2020 | 800 | 0.32 mi |
| Long Hill Rd | Clarence B Sharp Hwy | 2005 | 24,800 | 0.35 mi |
| Long Hill Rd | Sunnyside Park | 2005 | 21,500 | 0.35 mi |
| Long Hill Rd | Clarence B Sharp Hwy | 2020 | 1,500 | 0.36 mi |
Columbiana, AL
Cap Rate 6.50%
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R. Term 11.30 yrs
Size/SF 13,992
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Cap Rate 7.25%
Lease Abs NNN
R. Term 8.20 yrs
Size/SF 11,945
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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