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| Price $5,017,450 | Built/Renov 2006 | Tenant LongHorn Steakhouse |
| Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
85,813
| Lease Start
05-01-2016
| #Units
554
|
| Price/SF $58.47 | Expiration
04-30-2036
| Tenant Type Casual Dining |
| NOI $200,698 | R. Term 10.4 | Ownership Fee Simple |
| Rent/SF
$2.34
| Increases 1.0%/1/yrs | Pop 5Mi 68,836 |
| Lot/AC 1.97 | Options 5/5yrs/1% | AHHI 5Mi $75,149 |
| | |
LongHorn Steakhouse is strategically located near the signalized, hard-corner intersection of State Highway 47 and Union Crossing Blvd., averaging a combined 31,800 vehicles passing by daily. The site benefits from excellent visibility and access via significant street frontage and a large monument sign along State Highway 47. Furthermore, the subject property is positioned as an outparcel to a...
...Signalized intersection
Dense retail corridor
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Annual rent increases
Traded and rated company
Investment grade tenant
LongHorn Steakhouse is an American casual dining restaurant chain best known for serving various kinds of steak and having Western/Texas themed decor. In addition to steak, the menu also...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 2,038 | 26,345 | 67,869 |
| 2022 Total Population : | 2,073 | 26,657 | 68,423 |
| 2022 Employed Civilian Pop : | 1,093 | 12,246 | 31,200 |
| 2022 Total Businesses : | 251 | 996 | 2,325 |
| 2022 Average Household Income : | $ 107,990 | $ 85,594 | $ 84,487 |
| 2022 Total Consumer Spending : | $ 81 M | $ 769 M | $ 1863 M |
| 2022 Median Age : | 46 | 39 | 38 |
| 2022 Total Households : | 886 | 10,465 | 25,701 |
| 2022 Pop Age 25+: Bachelor's Degree : | 408 | 2,408 | 6,414 |
| 2022 Average Home Value : | $ 234,312 | $ 221,396 | $ 222,291 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| North 2nd Street | Union Crossing Blvd | 2017 | 28,853 | 0.04 mi |
| State Hwy55 | 2018 | 1,379 | 0.11 mi | |
| N 2nd St | Bluebird Ln | 2006 | 31,816 | 0.13 mi |
| North 2nd Street | 2018 | 31,458 | 0.15 mi | |
| N 2nd St | 2018 | 2,238 | 0.16 mi | |
| N 2nd St | 2018 | 5,817 | 0.17 mi | |
| N 2nd St | 2018 | 1,171 | 0.23 mi | |
| State Rte 55 | N 2nd St | 2017 | 26,796 | 0.24 mi |
| State Route 55 | N 2nd St | 2018 | 2,376 | 0.25 mi |
| Old Union Rd | 2018 | 3,879 | 0.28 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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