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| Price $3,314,000 | Built/Renov 2007 | Tenant JoAnn |
| Cap Rate 7.25% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
20,020
| Lease Start
10-24-2022
| #Units
833
|
| Price/SF $165.53 | Expiration
01-31-2034
| Tenant Type General Retail |
| NOI $240,240 | R. Term 8.8 | Ownership Fee Simple |
| Rent/SF
$12.00
| Increases 8.0%/4/yrs | Pop 5Mi 77,398 |
| Lot/AC 1.44 | Options 3/5yrs/8% | AHHI 5Mi $70,622 |
| | |
JoAnn is strategically located on the signalized, hard corner intersection of E Main Street and Herrera Road, with access to a combined traffic count of 41,918 vehicles passing by daily. The property is prominently positioned along a major retail corridor, adjacent to Home Depot, TJ Maxx, Safeway, and Best Buy. Additionally, it shares its vicinity with other national retailers, including...
...Signalized intersection
Hard corner intersection
Major thoroughfare
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
JOANN, Inc./Jo-Ann Stores, LLC (NASDAQ: JOAN) is an American specialty retailer of crafts and fabrics. It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc. Their stores sell a...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,664 | 34,610 | 46,762 |
| 2023 Total Population : | 4,788 | 35,146 | 47,496 |
| 2023 Employed Civilian Pop : | 1,720 | 13,447 | 18,020 |
| 2023 Total Businesses : | 438 | 1,893 | 2,721 |
| 2023 Average Household Income : | $ 62,182 | $ 89,366 | $ 86,500 |
| 2023 Total Consumer Spending : | $ 95 M | $ 1003 M | $ 1292 M |
| 2023 Median Age : | 32 | 36 | 36 |
| 2023 Total Households : | 1,772 | 12,986 | 17,269 |
| 2023 Pop Age 25+: Bachelor's Degree : | 367 | 2,755 | 3,625 |
| 2023 Average Home Value : | $ 150,228 | $ 225,849 | $ 221,293 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Main Street | Cliffside Dr | 2022 | 36,708 | 0.04 mi |
| NM 516 | Herrera Rd | 2021 | 35,883 | 0.04 mi |
| Herrera Road | Best St | 2022 | 85 | 0.31 mi |
| Cliffside Drive | Arch Ln | 2022 | 2,578 | 0.34 mi |
| East Main Street | 2018 | 38,300 | 0.39 mi | |
| Gila Street | Iles Ave | 2022 | 1,902 | 0.48 mi |
| East 30th Street | Tulane Ave | 2022 | 9,522 | 0.48 mi |
| Gila St | Washington Ave | 2003 | 792 | 0.52 mi |
| East Main Street | E Main St | 2022 | 39,798 | 0.54 mi |
| East 20th Street | Brothers Ave | 2022 | 13,375 | 0.55 mi |
Bradenton, FL
Cap Rate 7.70%
Lease NN+
R. Term 9.70 yrs
Size/SF 3,202
Miami, FL
Cap Rate 6.50%
Lease Double NN
R. Term 7.50 yrs
Size/SF 3,481
Holly, MI
Cap Rate 8.25%
Lease Abs NNN
R. Term 13.30 yrs
Size/SF 1,800
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
