WALGREENS in PEMBROKE PINES

Price: $9,040,777 Address: 00000 City: PEMBROKE PINES Zip: 00000 State: FL

Full Description:

CITY                           PEMBROKE PINES (MIAMI / FORT LAUDERDALE )

COUNTY                    FLORIDA

FREE STANDING      YES ( CORNER )

LEASE TERM            15 YEARS

OPTION                      YES. 12 TIME 5 YEARS

BUILT                          2016                     

LEASE IS                    N N N

GUARANTY                 WALGREENS CORP

PARKING                      60

BUILDING SIZE            15,458 SF ( 1,407 m2 )

LAND SIZE                    1,58 AC

DRIVE THRU                 YES

N O I                               $ 465,600  

CAP RATE                      5,15 %

SALES PRICE                9.040,777

- WALGREENS HAS OVER 9,800 LOCATIONS

RARE WALGREENS LEASE WITH RENT INCREASES

- The Lease provides 5% fixed rent increases every 5-years during the       primary term and the 12, 5-year option periods.
-  NEW 15-YEAR ABSOLUTE NNN LEASE
- The subject property operates under a new Absolute NNN Lease with     no Landlord management or maintenance responsibilities whatsoever.
-  INVESTMENT GRADE TENANT

- LOCATED IN AN AFFLUENT AREA WITH OUTSTANDING         DEMOGRAPHICS

- The Walgreens is located in Pembroke Pines, an affluent city in South     Florida, located between Miami and Fort Lauderdale. Named “one of       the best cities to live in America,” Pembroke Pines is home to over         160,000 residents making it the second most populous city in                    Broward   County. The average household income is $131,920 within      a one-mile radius of the property.
- MIAMI - FORT LAUDERDALE MSA LOCATION IN THE HEART OF        BROWARD COUNTY

Courtesy of: WOLFGANG SCHWARZ - Information available through the Multiple Listing Service (MLS) believed accurate is not warranted.

Agent Info

STATSASONIC WEB CONTROLLING