Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11190 SW 88Th St Miami, FL 33138

    For Sale
    $6,000,000

    Absolute NNN leased Walgreens in Miami with a new 15-year lease.

    Property size:
    11,176 SF
    Lot size:
    0.74 Acres

    Property Features for 11190 SW 88Th St

    General Information

    Size
    11,176 SF
    Lot size
    0.74 Acres

    Source: SRS Industrial - Newport Beach Agent Matthew Mousavi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Walgreens NNN Investment Property

    This property is an absolute NNN leased Walgreens investment property located in Miami, Florida. The tenant, Walgreens, Inc., recently signed a new 15-year lease with four 5-year options to extend. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico, serving nearly 9 million customers and patients daily. The property contains 11,176 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Octavio R. Gonzalez, ... Pharmacy FedEx OnSite Mailing Service SHERWOOD WEST ZC ... Condominium Complex TD Bank ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, Octavio R. Gonzalez, PharmD, Fast Rx Pharmacy, Erlinda Solares, Nutripro

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.374269
    Latitude
    25.686674

    Nearby Similar for Sale

    • New
      $2,350,000

      Miami Multifamily Short-Term Rental Property

      Boutique 5-unit apartment community in Miami's Qualified Opportunity Zone.
      1053 NW 29Th St, Miami, FL 33127
      View Details
    • $1,275,000
      3,892 SF

      Miami Fourplex with Income Potential

      Residential income property in Miami, featuring a pool and gated entry.
      14500 NE 2Nd St, Miami, FL 33161
      View Details
    • $3,850,000

      New Multifamily Units in Miami

      Newly built 10-unit multifamily property in a growing Miami area.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,850,000
      7,000 SF

      Miami Multifamily Investment Opportunity

      New 10-unit multifamily property in Little Havana.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,500,000

      Remodeled Corner Office Suite, Miami

      Completely remodeled corner office suite in the heart of Miami's financial district.
      1110 Brickell Ave, Miami, FL 33131
      View Details
    • $2,100,000

      Redevelopment Opportunity in Miami, FL

      Two lots totaling 14,000 sq. ft. ideal for redevelopment.
      1750 NW 7Th St, Miami, FL 33125
      View Details

    FAQs

    What type of property is this?
    Drug store - Absolute NNN leased Walgreens in Miami with a new 15-year lease.
    Where is this drug store located?
    The property is located at 11190 SW 88Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Enjoy a completely passive, management-free investment.; - Brand New 15-Year Lease: Provides long-term, stable income.; - Rental Increases: Features 5% rental increases every 5 years.
    (949) 698-1116
    Request Owner's contact information
    11190 SW 88Th St Miami, FL 33138
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11190 SW 88Th St
    Miami, FL 33138
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11190 SW 88Th St Miami, FL 33138
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.