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| Price $3,834,000 | Built/Renov 2004 | Tenant Walgreens |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,762
| Lease Start
09-01-2005
| #Units
13,532
|
| Price/SF $392.75 | Expiration
02-28-2033
| Tenant Type Pharmacy |
| NOI $249,237 | R. Term 8.2 | Ownership Fee Simple |
| Rent/SF
$25.53
| Increases 5.0%/1/yrs | Pop 5Mi 122,469 |
| Lot/AC 1.12 | Options 5/5yrs/5% | AHHI 5Mi $87,528 |
| | |
Walgreens is strategically located at the signalized, hard corner intersection of W Main Street and Wade Street, with a combined daily traffic count of 14,500 vehicles. The property is surrounded by well-known national tenants, including Subway, Exxon, Domino's, Advanced Auto Parts, Meineke, and more. Directly across the street lies Courtyard Commons, an 86-unit apartment complex, while...
...Hard corner intersection
In location for years
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
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 : | 3,419 | 42,709 | 123,497 |
| 2023 Total Population : | 3,392 | 42,493 | 122,469 |
| 2023 Employed Civilian Pop : | 1,563 | 19,500 | 57,447 |
| 2023 Total Businesses : | 194 | 1,126 | 4,453 |
| 2023 Average Household Income : | $ 107,257 | $ 88,579 | $ 87,528 |
| 2023 Total Consumer Spending : | $ 132 M | $ 1342 M | $ 3724 M |
| 2023 Median Age : | 44 | 40 | 38 |
| 2023 Total Households : | 1,457 | 17,553 | 49,094 |
| 2023 Pop Age 25+: Bachelor's Degree : | 618 | 6,674 | 21,219 |
| 2023 Average Home Value : | $ 252,207 | $ 229,107 | $ 245,303 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Dillon Road | Channel Cove Ct | 2021 | 5,100 | 0.26 mi |
| West Main Street | W Parkside Dr | 2019 | 14,500 | 0.33 mi |
| West Main Street | Ragsdale Rd | 2019 | 15,000 | 0.39 mi |
| West Main Street | Lennox Square Dr | 2021 | 13,500 | 0.39 mi |
| Scientific Street | Robbins Ave | 2021 | 3,200 | 0.43 mi |
| West Main Street | 2019 | 13,500 | 0.45 mi | |
| Oakdale Road | Oak Village Dr | 2021 | 4,000 | 0.49 mi |
| Gannaway St | 2021 | 12,500 | 0.53 mi | |
| W Main St | Parkview TerLn | 2003 | 16,000 | 0.53 mi |
| Guilford Road | Guilford College Rd | 2021 | 9,000 | 0.55 mi |
Meadows Place, TX
Cap Rate 6.50%
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St. Marys, GA
Cap Rate 6.25%
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Bartonville, IL
Cap Rate 6.00%
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Size/SF 10,113
Las Vegas, NV
Cap Rate 7.00%
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Size/SF 15,600
Jersey Shore, PA
Cap Rate 5.75%
Lease NN+
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Size/SF 10,125
Granbury, TX
Cap Rate 6.75%
Lease Abs NNN
R. Term 6.40 yrs
Size/SF 13,368
Mount Pleasant, TX
Cap Rate 6.00%
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R. Term 13.00 yrs
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New Hyde Park, NY
Cap Rate 7.50%
Lease Abs NNN
R. Term 5.70 yrs
Size/SF 11,278
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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