ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Walgreens – Miami Gardens, FL – NN Lease

18300 NW 37th Avenue
Sold

SOLD PRICE: $3,725,000
CAP RATE: 5.32%

  • Walgreens Boots Alliance is the first global pharmacy-led, health and well-being enterprise in the world and is the largest retail pharmacy, health and daily living destination in the U.S. & Europe
  • Long term investment grade lease
  • 2014 reported sales exceeded $3MM
  • Corner location at NW 37th Ave. & NW 183rd St./Miami Gardens Dr. with 53K cars ADT; near other major retailers
  • Less than 3 miles from Miami Dolphins’ & U. of Miami’s Sun Life Stadium (75K+ capacity) — host to 5 Super Bowls, the 2010 Pro Bowl, 2 World Series, and other major events
  • Newly painted & power washed with exterior repairs; new roof with 15-year roof warranty
  • Over 488,000 people, with an average household income of $56K+, within five miles
  • Florida has NO STATE INCOME TAX
  • There are no features available

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$3,725,000

15,623 sf

Price:

$3,725,000

Cap Rate:

5.32%

Building Size:

15,623 sf

SF Land Area:

2.05 acres

Current NOI:

$198,247

Lease Type:

NN

Remaining Term:

Eleven (11) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(901) 319-9901

Download Offering Memorandum
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