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    750 NW 119Th St Miami, FL 33161

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    For Sale
    $7,560,000

    NNN leased Walgreens with drive-thru in a high-traffic location.

    Property size:
    15,120 SF
    Lot size:
    1.97 Acres

    Property Features for 750 NW 119Th St

    General Information

    Size
    15,120 SF
    Lot size
    1.97 Acres

    Source: STREAM Capital Partners Agent Connor Shell

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

    Overview

    Walgreens Investment Opportunity For Sale

    This property is a retail investment opportunity featuring a Walgreens with a drive-thru pharmacy. The property benefits from a remaining lease term of 11.5 years, with 5% rental increases every 5 years during the base term. Walgreens is rated BBB- by S&P. The location is at the signalized intersection of 119th St and 7th Ave, with a combined daily traffic count of 68,000 vehicles per day. The surrounding area features retailers such as McDonalds, Advance Auto Parts, and 7-Eleven. The property is located in a densely populated market with 192,000 residents within a 3 mile radius. The property size is 15,120 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service COVID-19 Drive-Thru Testing ... Pharmacy TD Bank ATM Atm Walgreens Pharmacy Pharmacy

    Suggested Use

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

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

    Similar Places Nearby

    CVS Pharmacy, Shawn S. Brown, PharmD, Prime Aid Pharmacy, Nasser M. Richmond, Bspharm, Farrior Natalie

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.183334
    Latitude
    25.884632

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    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens with drive-thru in a high-traffic location.
    Where is this drug store located?
    The property is located at 750 NW 119Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $7,560,000.
    What are key features of this property?
    This property features: - Investment Grade Credit: Walgreens (BBB- S&P) provides long-term security.; - Long-Term Lease: 11.5 years remaining with 5% rental increases every 5 years.; - High Traffic Location: Signalized intersection with 68,000 VPD.
    (312) 899-6664
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    750 NW 119Th St Miami, FL 33161
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    Miami, FL 33161
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    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
    750 NW 119Th St Miami, FL 33161
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