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Walgreens Miami 11190 SW 88th St 11,176 SF Retail Building Miami, FL 33176 $6,000,000 ($536.86/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN lease features ±13.5 years of term remaining with 5% rent increases every 5 years throughout the term and in the twelve, 5-year options.
An affluent average household income of $123,789 in 3-mile trade area.
The asset is located at the signalized, hard corner intersection of SW 112th Ave. and SW 88th St. with a combined 96,300 VPD.

Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises. No landlord responsibilities.
More than 442,000 residents and 197,000 employees support the trade area, providing a direct consumer base from which to draw.

EXECUTIVE SUMMARY

CBRE is pleased to offer for sale the 11,176-square-foot Walgreens situated on 0.74 acres in Miami, FL (MSA Population: 6.2M). Walgreens’ absolute NNN lease features ±13.3 years of term remaining with 5% rent increases every 5 years throughout the term and in each the twelve, 5-year renewal options.