Price $1,652,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 5.75% | Lease Type
Double NN | Guarantor Corp T and Rated |
Size/SF
2,000
| Lease Start
08-01-2023
| #Units
36,000
|
Price/SF $826.00 | Expiration
08-01-2033
| Tenant Type Fast Food/QSR |
NOI $95,000 | R. Term 9.7 | Ownership Fee Simple |
Rent/SF
$47.50
| Increases 10.0%/5/yrs | Pop 5Mi 36,941 |
Lot/AC 0.00 | Options 6/5yrs/10% | AHHI 5Mi $76,259 |
| |
This newly constructed Starbucks is strategically located along Black Point Road, which sees roughly 22,600 vehicles per day. As an outparcel at Mohawk Acres Plaza, anchored by Market 32 and Family Dollar, the site benefits from its position within this plaza which is ranked in the top 68% of all US neighborhood shopping centers and in the top 58% of all New York neighborhood shopping centers....
...New construction
Shopping Ctr out-parcel
Strategically located
Highway location
Major MSA
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 6,330 | 27,695 | 36,853 |
2023 Total Population : | 6,355 | 27,580 | 36,941 |
2023 Employed Civilian Pop : | 2,847 | 11,604 | 15,495 |
2023 Total Businesses : | 227 | 995 | 1,198 |
2023 Average Household Income : | $ 84,719 | $ 67,777 | $ 76,259 |
2023 Total Consumer Spending : | $ 216 M | $ 731 M | $ 1043 M |
2023 Median Age : | 47 | 41 | 42 |
2023 Total Households : | 2,939 | 12,312 | 15,664 |
2023 Pop Age 25+: Bachelor's Degree : | 963 | 2,708 | 3,739 |
2023 Average Home Value : | $ 200,219 | $ 173,363 | $ 189,590 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Black River Boulevard North | E Chestnut St | 2021 | 16,481 | 0.20 mi |
East Chestnut Street | 2018 | 11,283 | 0.20 mi | |
Black River Blvd | Rose Ln | 2006 | 20,960 | 0.26 mi |
North James Street | 2018 | 1,667 | 0.27 mi | |
N James St | 2021 | 10,266 | 0.33 mi | |
N George St | 2021 | 950 | 0.45 mi | |
North Madison Street | Fir St | 2021 | 2,805 | 0.47 mi |
N James St | Black River Blvd | 2006 | 14,920 | 0.51 mi |
CR 47 | N James St | 2021 | 2,166 | 0.56 mi |
Wright Settlement Road | 2018 | 2,222 | 0.56 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]