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| Price $2,937,500 | Built/Renov 2005 | Tenant Walgreens |
| Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,820
| Lease Start
10-01-2005
| #Units
13,532
|
| Price/SF $198.21 | Expiration
09-30-2030
| Tenant Type Pharmacy |
| NOI $235,000 | R. Term 5.10 | Ownership Fee Simple |
| Rent/SF
$15.86
| Increases 0.0%/0/yrs | Pop 5Mi 59,154 |
| Lot/AC 1.68 | Options 10/5yrs | AHHI 5Mi $67,223 |
| | |
Walgreens is strategically located on South Crater Road, a major thoroughfare, with access to 20,800 vehicles passing daily. The property is located 1/2-mile from the Bon Secours Southside Medical Center, a prominent 300-bed community health care facility that fills its prescriptions at the property. It is also located in close proximity to I-95 (VPD 45,670+), a major north/south interstate....
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Hospital close
Top 100 MSA
Below Market Rent
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 : | 3,560 | 20,968 | 59,335 |
| 2023 Total Population : | 3,608 | 21,032 | 59,154 |
| 2023 Employed Civilian Pop : | 1,649 | 9,813 | 22,234 |
| 2023 Total Businesses : | 263 | 678 | 2,014 |
| 2023 Average Household Income : | $ 70,819 | $ 71,209 | $ 67,223 |
| 2023 Total Consumer Spending : | $ 105 M | $ 585 M | $ 1290 M |
| 2023 Median Age : | 41 | 42 | 34 |
| 2023 Total Households : | 1,709 | 9,414 | 21,934 |
| 2023 Pop Age 25+: Bachelor's Degree : | 493 | 2,400 | 5,971 |
| 2023 Average Home Value : | $ 254,215 | $ 265,389 | $ 238,573 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| South Crater Road | Wagner Rd | 2018 | 9,700 | 0.17 mi |
| S Crater Rd | Medical PkBlvd | 2016 | 11,000 | 0.20 mi |
| Wagner Rd | Medical PkBlvd | 2016 | 17,000 | 0.31 mi |
| Wagner Road | Medical PkBlvd | 2018 | 15,000 | 0.31 mi |
| Wagner Rd | Poplar Dr | 2011 | 16,000 | 0.38 mi |
| South Crater Road | Pinehill Blvd | 2021 | 9,300 | 0.39 mi |
| South Crater Road | N Plains Dr | 2021 | 9,300 | 0.39 mi |
| South Crater Road | S Crater Rd | 2018 | 9,700 | 0.39 mi |
| S Crater Rd | Pinehill Blvd | 2016 | 11,000 | 0.39 mi |
| S Crater Rd | Cavalier Dr | 2011 | 23,000 | 0.44 mi |
Springfield, MA
Cap Rate 7.50%
Lease Double NN
R. Term 35.90 yrs
Size/SF 13,855
Greensburg, IN
Cap Rate 8.39%
Lease Abs NNN
R. Term 6.00 yrs
Size/SF 14,490
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
