[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column width=”2/3″][vc_column_text]The 19,000-square-foot Walgreens store on the ground floor of the Ritz-Carlton Hotel on Lincoln Road and Collins Avenue is being listed for $78.89 million by Marcus & Millichap. Walgreens has a 21-year lease and then 10 five-year options with 10 percent rate increase every 10 years. Jeremy Larkin, co-chairman of NAI Miami Commercial Real Estate Services Worldwide, said the likely buyer is a high net worth investor looking for preservation of capital.[/vc_column_text][/vc_column][vc_column width=”1/3″][/vc_column][/vc_row]
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February 19, 2025
