750 NW 119th St Miami, FL
NNN leased Walgreens with drive-thru in a high-traffic location.
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 (312) 899-6664
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.
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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