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| Price $1,324,000 | Built/Renov 2023 | Tenant T-Mobile |
| Cap Rate 7.25% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
3,000
| Lease Start
06-07-2023
| #Units
7,994
|
| Price/SF $441.33 | Expiration
06-30-2030
| Tenant Type Tel/Cell |
| NOI $96,000 | R. Term 5.1 | Ownership Fee Simple |
| Rent/SF
$32.00
| Increases 10.0%/6/yrs | Pop 5Mi 10,195 |
| Lot/AC 0.71 | Options 3/5yrs/10% | AHHI 5Mi $71,148 |
| | |
This newly constructed T-Mobile, with 367 feet of frontage is located on W. Church Street, which realizes over 10,000 vehicles passing by daily. It is an outparcel to a Walmart Supercenter that has had over 1.5M visitors in the last 12 months. Other tenants in the development include Dollar Tree, Hibbett Sports, Cato, Great Clips, and Citi Financial, creating a strong consumer drive to the...
...New construction
Major thoroughfare
WalMart out-parcel
Top 100 MSA
Population increase trend
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
T-Mobile is the brand name used by some of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom. The T-Mobile brand was introduced in 1996 and the name...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,285 | 6,890 | 10,372 |
| 2023 Total Population : | 2,200 | 6,772 | 10,265 |
| 2023 Employed Civilian Pop : | 882 | 2,683 | 4,102 |
| 2023 Total Businesses : | 204 | 353 | 378 |
| 2023 Average Household Income : | $ 65,743 | $ 69,363 | $ 69,736 |
| 2023 Total Consumer Spending : | $ 52 M | $ 174 M | $ 260 M |
| 2023 Median Age : | 42 | 42 | 42 |
| 2023 Total Households : | 893 | 2,807 | 4,177 |
| 2023 Pop Age 25+: Bachelor's Degree : | 154 | 517 | 719 |
| 2023 Average Home Value : | $ 215,344 | $ 223,917 | $ 226,331 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Church Street | N Hendrix St | 2021 | 10,200 | 0.02 mi |
| North Hendrix Street | S Hendrix St | 2021 | 1,400 | 0.21 mi |
| Mitchell Street | Malibu Dr | 2021 | 3,700 | 0.25 mi |
| East Columbia Avenue | Trackside Ct | 2021 | 9,200 | 0.25 mi |
| Mitchell Street | Highland Ave | 2021 | 3,800 | 0.27 mi |
| Hall Street | Elizabeth St | 2021 | 200 | 0.34 mi |
| South Hendrix Street | Rawls Dr | 2021 | 425 | 0.36 mi |
| Summerland Avenue | Ridge Crest Perpetual Care | 2021 | 2,100 | 0.48 mi |
| North Carolina Avenue | Elizabeth St | 2021 | 850 | 0.55 mi |
| Rawls Drive | Bedenbaugh St | 2021 | 450 | 0.56 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
