NNN WALGREENS A location in Miami

Transcription

1 NNN WALGREENS A location in Miami long lease term remaining IN high GROWTH, high income & high traffic AREA publix outparcel Southwest 152nd Street, Miami, FL Click for Map [ ]

2 Listing Team Contact Info investment highlights NNN WALGREENS IN HIGH GROWTH, HIGH INCOME & HIGH TRAFFIC AREA IN MIAMI, FL. OUTPARCEL TO PUBLIX. RICK SANNER (415) CA BRE# bob SANNER (415) CA BRE# PRICE: $8,653,846 CAP: 5.20% Rentable SF...14,820 SF Lot size AC Current Rent... $23/SF Year built aaron susman (415) CA BRE# In Conjunction with FL Licensed Broker: Rick Steinberger, Capital Atlantic Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. Walgreens 2

3 core characteristics investment highlights 16 years remaining on lease, with the largest drugstore chain, which has an Investment Grade credit rating. For certain tax reasons, Walgreens historically preferred to own, not rent, in Florida, thus this is one of the few leased Florida Walgreens available. location highlights This Walgreens store is an outparcel to Corsica Square, a neighborhood shopping center anchored by a 45,600+/ square foot Publix Market. There is excellent visibility on the center s hard corner at SW 157th Avenue and SW 152nd Street. Traffic on SW 152nd St. is nearly 45,000 vehicles per day. Over 240,000 residents within a 5-mile radius. Average household incomes within one mile are nearly $100,000. Miami is the principal city of the Miami metropolitan area, which is the most populous metropolis in the Southeast, with an MSA population of almost six million. Note: all photos in the offering are the actual location. lease highlights Tenant pays all expenses including real estate taxes, insurance and all maintenance. Typical Walgreens long-term NNN lease. There are ten 5-year options, which is more favorable than many Walgreens leases, which have decades of one-year options. 240,000+ Residents within a 5-mile radius National Investment Grade Tenant Walgreens 3

4 aerial walgreens is an outparcel to corsica square, a neighborhood shopping center anchored by publix market KENDALL-TAMIAMI AIRPORT 821 DEERWOOD TOWN CENTER Jorge Mas Canosa Middle School COUNTRY WALK PLAZA Norma Butler Bossard Elementary Richmond Heights Middle School Jack David Gordon Elementary 992 SW 152nd Street SW 152nd Street TOWN & COUNTRY PLAZA Colonial Drive Elementary 44,760 DAILY SW 137th Avenue Herbert A. Ammons Middle School PALMETTO GOLF COURSE SOUTH DADE SHOPPING CENTER Pine Lake Elementary 825 Coral Reef Senior High School 821 Miami Heights Elementary 1 Robert Morgan Vocational Technical Institute South Miami Heights Elementary SOUTHLAND MALL Miami Southridge High School miami city center 994 SW 200th Street Walgreens 4

5 income & expense PRICE $8,653,846 Price Per Square Foot $ Capitalization Rate 5.20% Total Rentable Area (SF): 14,820 Lot Size (Acres): 1.34 STABILIZED INCOME Per Square Foot Scheduled Rent $30.36 $450,000 Effective Gross Income $30.36 $450,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Expenses $0.00 EQUALS NET OPERATING INCOME $450,000 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Walgreens 5

6 rent roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT Walgreens 14,820 6/5/2007 6/31/2032 $450,000 $37,500 $450,000 $2.53 $30.36 Totals: 14,820 $450,000 $37,500 $450,000 $2.53 $30.36 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Walgreens 6

7 walgreens boot alliance overview Walgreens Boots Alliance (NASDAQ: WBA) is the first global pharmacy-led health and well-being enterprise in the world. The company was created through the combination of Walgreens and Alliance Boots of England in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. WBA is the parent company of Walgreen Co. Walgreens provides about 80% of the revenue and profits of WBA. The parent company employs over 370,000 people and has a presence in more than 25 countries. It is the largest retail pharmacy, health and daily living destination in the USA and Europe. Company: No. of Retail Locations: company profile Walgreens Boots Alliance (Parent) Walgreen Co. (Subsidiary) 13,100 (as of 2/2015) 8,173 (as of 8/31/2015) Credit Rating: S&P: BBB S&P: BBB Total Sales: $ Billion $80.97 Billion Net Income: $4.22 Billion (A) Net Worth: $31.3 Billion N/A Walgreens Boots Alliance has more than 13,100 stores. The company includes the largest global pharmaceutical wholesale and distribution network with over 350 distribution centers delivering to more than 200,000 pharmacies, doctors, health centers and hospitals each year in 19 countries. In addition, Walgreens Boots Alliance is the world s largest purchaser of prescription drugs and many other health and wellbeing products. Its portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare. Walgreens is largest drugstore chain in the U.S. with fiscal 2015 sales of more than $80 billion. Founded with a single store in Chicago in 1901, Walgreens today has more than 8,170 drugstores. Walgreen Co. has announced it will acquire Rite-Aid, subject to regulatory approval. If approved, this will happen in the latter half of Website: com (A) Based on footnote information in the WBA public reports, Walgreens Co. provides about 80% of the net income of WBA. Talk to broker for details. FORTUNE MAGAZINE top 5 world s most admired companies March 2015 FORBES 165TH OUT OF 2000 LARGEST GLOBAL PUBLIC COMPANIES 6.2m customers visit walgreens stores daily May 2015 Walgreens 7

8 photos Walgreens 8

9 regional map regional map walgreens location miami 42 MIN 26 MILES Walgreens 9

10 location About Miami, FL Miami is the seat of Miami-Dade County and is the 44th largest city in the United States, with a population of about 420,000. The MSA has an estimated 5,930,000 residents as of 2014, making it the most populous MSA in Florida, the largest MSA in the Southeast, and the eighth largest MSA in the country. The city is a major center and a leader in finance, commerce, culture, media, entertainment, the arts and international trade. Downtown Miami and South Florida are home to the largest concentration of international banks in the country, and many large national and international companies. The Civic Center is a major center for hospitals, research institutes, medical centers and biotechnology industries. For over 20 years, the Port of Miami has been the number one cruise passenger port in the world. It accommodates some of the world s largest cruise ships and operations. Because of the port s proximity to Latin America, Miami serves as the headquarters of Latin American operations for more than 1400 multinational corporations. The Miami airport is also one of the busiest in the country, with hundreds of non-stop destinations. Population 1-Mile 3-Mile 5-Mile ,450 66, , ,931 70, , ,664 73, , Household incomes 1-Mile 3-Mile 5-Mile Average $98,782 $89,364 $78,018 Median $83,032 $73,766 $60,723 Top Employers in Miami Employer # of Employees* Publix Super Markets 11,000 Baptist Health South Florida 10,826 University of Miami 9,874 American Airlines 9,000 *Approximate Walgreens 10

11 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] rick Sanner rsanner@capitalpacific.com (415) CA BRE# aaron Susman asusman@capitalpacific.com (415) CA BRE# bob Sanner bsanner@capitalpacific.com (415) CA BRE# In Conjunction with FL Licensed Broker: Rick Steinberger, Capital Atlantic r.steinberger@bridge-igp.com Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. chris kostanecki chris peters dave lucas zandy smith jack navarra zeb ripple john andreini joe caccamo gregg steele karla zens [ Copyright 2016 Capital Pacific ]