Price $1,995,000 | Built/Renov 2016 | Tenant Caribou Coffee |
Cap Rate 5.76% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
2,559
| Lease Start
07-01-2023
| #Units
749
|
Price/SF $779.60 | Expiration
04-30-2033
| Tenant Type Fast Food/QSR |
NOI $115,000 | R. Term 9.4 | Ownership Fee Simple |
Rent/SF
$44.94
| Increases 10.0%/4/yrs | Pop 5Mi 14,552 |
Lot/AC 0.63 | Options 3/5yrs/10% | AHHI 5Mi $81,267 |
| |
Caribou Coffee is strategically situated along E. College Drive, which sees a daily traffic count of approximately 11,100 vehicles. The subject property enjoys direct access to State Highway 23 and U.S. Highway 59, making it easily accessible for commuters. With excellent visibility and multiple points of ingress/egress, the site is well-suited for attracting customers. The surrounding area is...
...Dense retail corridor
Near major nationals
Strategically located
Highway location
University college close
Hospital close
Strong tenant synergy
Absolute NNN
Corporate Guarantee
Over 500 units backed
Founded in 1992, Caribou Coffee provides innovative, high-quality handcrafted beverages, and an all-day menu including gluten-free, vegetarian, and plant-based items. Caribou has 325 company-owned...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 4,147 | 13,787 | 14,581 |
2023 Total Population : | 4,135 | 13,747 | 14,552 |
2023 Employed Civilian Pop : | 1,953 | 6,615 | 7,033 |
2023 Total Businesses : | 255 | 827 | 857 |
2023 Average Household Income : | $ 71,034 | $ 79,313 | $ 81,267 |
2023 Total Consumer Spending : | $ 104 M | $ 381 M | $ 411 M |
2023 Median Age : | 32 | 34 | 34 |
2023 Total Households : | 1,701 | 5,540 | 5,827 |
2023 Pop Age 25+: Bachelor's Degree : | 612 | 1,954 | 2,091 |
2023 Average Home Value : | $ 194,375 | $ 202,552 | $ 209,320 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Oconnell St | E College Dr | 2006 | 6,900 | 0.16 mi |
Oconnell St | McLaughlin Dr | 2018 | 1,750 | 0.17 mi |
Service Rd | McLaughlin Dr | 2006 | 2,515 | 0.19 mi |
Mustang Trail | McLaughlin Dr | 2018 | 2,300 | 0.22 mi |
East College Drive | Hwy 23 | 2018 | 8,100 | 0.23 mi |
Jewett St | Mall St | 2006 | 3,081 | 0.23 mi |
Birch St | Mustang Trl | 2018 | 1,500 | 0.24 mi |
Mall Street | Mall St | 2018 | 2,650 | 0.25 mi |
East College Drive | Sunrise Ln | 2018 | 9,300 | 0.28 mi |
Birch St | Village Dr | 2018 | 3,000 | 0.34 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]