INVESTMENT OPPORTUNITY
SAB Capital is pleased to present Walgreens in Miami, FL, located about 7.5 miles north of Downtown Miami. The lease contains rare 5% increases every 5 years as well as an absolute triple net (NNN) lease structure with zero landlord responsibilities. The property has strong location fundamentals situated at a signalized intersection that sees over 40,000 vehicles per day and directly off of Interstate 95.
- Walgreens in Miami, FL | 7.5 Miles North of Downtown Miami
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Corporately Guaranteed Lease | Walgreens is the 18th Ranked Company in the Fortune 500
- Signalized Corner Location | NW 119th Street & NW 7th Avenue Sees Over 40,636 Vehicles Per Day
- Rare Increases in Base Term | 5% Increases Every 5 Years
- Prime Southeast Florida Demographics | Over 192,000 Residents in 3 Miles
- High Performing Store
- Close Proximity to Interstate Highway | Directly Off of I-95
- National Retailers Located Nearby | McDonald’s, Advance Auto Parts, 7-Eleven, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Walgreens | $8,640,000 | 5.25% | NNN | 15,120 | Available |
