Sold Subscription Required
| Price $7,500,000 | Built/Renov 2007 | Tenant Walgreens |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,820
| Lease Start
01-01-2008
| #Units
8,896
|
| Price/SF $506.07 | Expiration
12-31-2032
| Tenant Type Pharmacy |
| NOI $450,000 | R. Term 8.1 | Ownership Fee Simple |
| Rent/SF
$30.36
| Increases 0.0%/0/yrs | Pop 5Mi 210,628 |
| Lot/AC 2.44 | Options 10/5yrs | AHHI 5Mi $74,614 |
| | |
The subject property is located at the intersection of Heard Street/Curtis Parkway and Stafford Street (25,000 VPD), the area’s primary commercial corridor. Walgreens benefits from outstanding visibility and frontage with two points of access and is located across the street from the Webster Square Plaza, anchored by Shaw's which is the area’s primary grocery store. Additionally, Walgreens is...
...Signalized intersection
Hard corner intersection
Major thoroughfare
University college close
Dense 200M+ pop 5 mi
Top 100 MSA
Long operation history
Absolute NNN
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 : | 15,053 | 123,147 | 214,011 |
| 2023 Total Population : | 15,074 | 122,117 | 212,245 |
| 2023 Employed Civilian Pop : | 6,892 | 54,733 | 98,991 |
| 2023 Total Businesses : | 490 | 4,146 | 7,083 |
| 2023 Average Household Income : | $ 84,376 | $ 82,270 | $ 90,231 |
| 2023 Total Consumer Spending : | $ 441 M | $ 3290 M | $ 6369 M |
| 2023 Median Age : | 40 | 34 | 36 |
| 2023 Total Households : | 6,054 | 46,024 | 81,596 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,003 | 14,976 | 28,702 |
| 2023 Average Home Value : | $ 366,780 | $ 383,563 | $ 392,333 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Heard Street | 2019 | 7,308 | 0.04 mi | |
| HEARD STREET | Stafford St | 2021 | 6,752 | 0.04 mi |
| HEARD STREET | Stafford St | 2020 | 6,029 | 0.04 mi |
| Curtis Parkway | Varnum St | 2018 | 5,968 | 0.11 mi |
| CURTIS PARKWAY | Varnum St | 2020 | 4,904 | 0.11 mi |
| CURTIS PARKWAY | Varnum St | 2021 | 5,492 | 0.11 mi |
| Stafford Street | 2019 | 11,395 | 0.18 mi | |
| STAFFORD STREET | Varnum St | 2021 | 10,529 | 0.18 mi |
| STAFFORD STREET | Varnum St | 2020 | 9,401 | 0.18 mi |
| STAFFORD STREET | Wayne St | 2021 | 12,206 | 0.34 mi |
Elk Grove, CA
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 31,324
Davenport, FL
Cap Rate 5.25%
Lease Abs NNN
R. Term 12.40 yrs
Size/SF 13,802
Gainesville, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 10.10 yrs
Size/SF 12,900
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
