13698 SW 8th St Miami, FL 33184

Listing agency Marcus & Millichap - Issenberg Britti Group g***@marcusmillichap.com Show Phone

Listed by Gabriel Britti · License #FL SL3211804

Source Crexi

Added: Apr 24 Updated: Jul 21 at 12:39AM Checked: Jul 21 at 5:54AM

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Investment Insights

Based on property information with market context.

This freestanding Walgreens is located on a hard signalized corner and includes a drive-thru pharmacy. Originally constructed in 2000, the property sits on a 2.45-acre parcel and is leased as an absolute NNN ground lease.

The asset is secured by a new 15-year corporately guaranteed lease that commenced February 23, 2023 and runs through February 28, 2038. Rent increases are scheduled at 5% every five years, and the lease includes twelve (12) five-year renewal options. The offering is structured for zero landlord responsibilities.

The site benefits from exposure along Southwest 8th Street (Tamiami Trail), described as one of Miami’s most heavily traveled corridors, with visibility to over 120,000 vehicles per day.

Key Highlights

• Absolute net leased freestanding Walgreens with a drive‑thru pharmacy on SW 8th Street (Tamiami Trail)
• Hard signalized corner location with exposure to 120,000+ vehicles per day
• 17,471 SF Walgreens on a 2.45‑acre parcel

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FAQs

What type of property is this?

Drug store - Absolute net leased freestanding Walgreens with drive-thru pharmacy on a hard signalized corner along SW 8th Street.

Where is this drug store located?

The property is located at 13698 SW 8th St Miami, FL.

What are key features of this property?

This property features: Absolute net leased freestanding Walgreens with a drive‑thru pharmacy on SW 8th Street (Tamiami Trail); Hard signalized corner location with exposure to 120,000+ vehicles per day; 17,471 SF Walgreens on a 2.45‑acre parcel