750 NW 119th St, Miami, FL
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Landlord Responsibilities:
Lease Expiration Date:
Approx. 12 years
Renewal Options:
Twelve, 5 Year Options
Building Sq. Ft.:
15,120 SF
Rent Increases:
5% every 5 years
Site Size:
1.9 Acres

Investment Highlights

  • Commitment: 11.5 years remaining on the lease term with rare 5% rental increases every 5 years during the base term.
  • Investment Grade Credit: Walgreens is rated BBB- by S&P providing long term security.
  • Drive-Thru Pharmacy: This serves as a convenience for customers picking up prescription medication.
  • Location: Situated at the signalized intersection of 119th St and 7th Ave with a daily combined traffic count of 68,000 VPD.
  • Strong Retail Trade Area: Neighboring retailers include McDonalds, Advance Auto Parts, 7-Eleven and many more.
  • Strong Population: Highly sought after population dense market with 192,000 residents within a 3 mile radius.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Sasha Dominguez FL Lic#: BK3339010

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