JLL Capital Markets closed the sale of the net-leased retail building in Miami Shores that set a record cap rate. Walgreens Breaks Its Own Record With Miami Shores Sale
The property at 9020 Biscayne Blvd. is on 1.07 acres at the intersection of Northeast Sixth Avenue.
February 08, 2022 at 05:16 PM
1 minute read
Commercial Real Estate
JLL Capital Markets has closed the $8.24 million sale of a retail building in Miami Shores, setting a record capitalization rate for U.S. pharmacy leader Walgreen Co.
The 15,206-square-foot single-tenant retail store net-leased to Walgreens and closed at a 3.59% cap rate, which is a record capitalization for all of Walgreens stores in the country.
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