Walgreens | New 15yr Corp Abs NNN w/ Incrs 11190 SW 88th St 11,176 SF Retail Building Miami, FL 33176 $9,213,593 CAD ($824.41 CAD/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand
Dense Retail Corridor | Strong National/Credit Tenant Presence | Kendallgate Shopping Center & Kendall Village Center
Signalized, Hard Corner Intersection | Florida Turnpike (126,900 VPD) | Excellent Visibility & Access

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Miami Dade College Kendall Campus (66,500 students)
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walgreens investment property located in Miami, Florida. The tenant, Walgreens, Inc recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico, Walgreens is proud to serve nearly 9 million customers and patients daily.