Price $3,107,000 | Built/Renov 2022 | Tenant Dave's Hot Chicken |
Cap Rate 5.15% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
3,153
| Lease Start
12-01-2023
| #Units
1
|
Price/SF $985.41 | Expiration
11-30-2038
| Tenant Type Fast Food/QSR |
NOI $160,000 | R. Term 14.11 | Ownership Fee Simple |
Rent/SF
$50.75
| Increases 10.0%/5/yrs | Pop 5Mi 293,980 |
Lot/AC 0.41 | Options 4/5yrs/10% | AHHI 5Mi $94,166 |
| |
This newly constructed Dave's Hot Chicken property is strategically located on Cockrell Ave which sees a daily traffic count of 22,028 vehicles. The subject property is conveniently situated adjacent to the Texas Christian University (TCU) college campus. Positioned in a high-barrier-to-entry trade area, it benefits from its close proximity to TCU student dorms, residences, and the TCU student...
...New construction
Trophy location
University college close
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Income tax free state
Brand new lease
Long 15+ yr lease
Personal guarantee
Dave’s Hot Chicken is an American fast casual restaurant chain specializing in Nashville-style hot chicken. Arman Oganesyan and best friend Chef Dave Kopushyan, along with brothers Tommy and Gary...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 17,507 | 116,880 | 304,836 |
2023 Total Population : | 17,409 | 115,503 | 298,636 |
2023 Employed Civilian Pop : | 7,633 | 54,481 | 138,989 |
2023 Total Businesses : | 590 | 6,023 | 14,772 |
2023 Average Household Income : | $ 108,411 | $ 99,884 | $ 93,374 |
2023 Total Consumer Spending : | $ 507 M | $ 3670 M | $ 9411 M |
2023 Median Age : | 24 | 34 | 35 |
2023 Total Households : | 5,378 | 42,105 | 115,264 |
2023 Pop Age 25+: Bachelor's Degree : | 2,680 | 18,037 | 44,437 |
2023 Average Home Value : | $ 423,444 | $ 353,081 | $ 346,084 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
W Berry St | Cockrell Ave | 2009 | 21,820 | 0.04 mi |
S University Dr | W Berry St | 2009 | 15,380 | 0.08 mi |
W Berry St | S University Dr | 2009 | 19,110 | 0.10 mi |
W Devitt St | Rogers Ave | 2008 | 180 | 0.20 mi |
S University Dr | W Lowden St | 2009 | 22,240 | 0.23 mi |
W Devitt St | Odessa Ave | 2008 | 204 | 0.26 mi |
Princeton St | Greene Ave | 2008 | 2,160 | 0.34 mi |
Stadium Dr | Bellaire Dr N | 2009 | 8,420 | 0.35 mi |
McCart Ave | W Devitt St | 2004 | 4,580 | 0.37 mi |
W Berry St | Pond Dr | 2009 | 18,110 | 0.40 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]