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Walgreens Investment Opportunity For Sale

750 NW 119th St Miami, FL

750 NW 119th St, Miami, FL, 00000
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NNN leased Walgreens with drive-thru in a high-traffic location.

Property Size15,120 SF
Lot Size1.97 Acres
Price / SF$500
AddedNov 24, 2025
Days on Market234
Last RefreshJul 15 at 11:23 am

Property Features for 750 NW 119th St

General Information

Standard status
Active
Size
15,120 SF
Lot size
1.97 Acres
Property subtype
RETAIL

Listing office STREAM Capital Partners

Listing date Nov 24, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of STREAM Capital Partners


Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $785.6k $51.96
− Vacancy −$80.9k −$5.35
EGI $704.7k $46.61
− OpEx −$211.4k −$13.98
NOI $493.3k $32.63
15,120 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$10.21M
$8.93M – $11.91M (±1% cap)
NOI $714,427 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$7.05M
$6.17M – $8.22M (±1% cap)
NOI $493,300 @ 7.0% cap · market cap 6.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service COVID-19 Drive-Thru Testing ... Pharmacy TD Bank ATM Atm Walgreens Pharmacy Pharmacy

Suggested Use

Real Estate Agency Law Firm Building Supply Dental Office Restaurant Big Box & Wholesale Store Auto Parts Store Gym & Fitness Center Skin Care Clinic Spa & Massage Center

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

Similar Off Market Nearby

  • CVS Pharmacy — 735 NW 119th St, North Miami, FL 33168
  • Shawn S. Brown, PharmD — 11030 NW 7th Ave, Miami, FL 33168
  • Prime Aid Pharmacy — 813 NW 119th St, North Miami, FL 33168
  • Nasser M. Richmond, Bspharm — 11030 NW 7th Ave, Miami, FL 33168
  • Farrior Natalie — 3 NE 109th St, Miami, FL 33161

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.
Contact an agent
(312) 899-6664 Call to check price and availability
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