Miami, FL

• Jackson South Medical Center is located 1.6 miles SW with 262 beds and approximately 1,200 employees.
• Retail Corridor with major national tenants within ±3.1 million square feet of retail space in a 1.5 mile radius.
• Affluent infill demographics with approximately 257,657 residents in a 5-mile radius with an average household income of $106,576.
• Intersection with high traffic count of 80,400 vehicles per day.
• Strong commercial neighbors within 1 million square feet of industrial space in a 0.5-mMile radius.
• Established clientele over 17+ years of operations at this location.

Pharma Property Group is pleased to market for sale the Walgreens property located at 8650 SW 132nd St in Miami, Florida (the "Property"). Walgreens has agreed to a new 15-year absolute net lease with no landlord responsibilities whatsoever. The lease includes 5% rental increases every 5 years in the initial term and in each of the 12 (5-year) options.

The property is situated in one of the larger and more affluent retail and medical trade areas in South Miami. Strategically located on the hard corner of South Dixie Highway and 87th Avenue, this property is visible to ±80,000 VPD. The immediate 1-mile radius boasts 2.5 million SF of retail and medical space and 1 million SF of industrial space that attracts over 13.4 million visitors annually. The average household income of ±$130,000, in a 3-mile radius, drives major consumer spending in the immediate trade area.

Located in South Miami, the property is less than 2 miles from Jackson South Medical Center. Jackson South Medical center is one of the leading short-term acute care facilities in Miami with over 260 beds. The property’s prescription count also benefits from being purposefully located near Baptist Hospital, one of the largest hospitals in the Miami area with 950 beds.