Price $7,085,000 | Built/Renov 2023 | Tenant Chick-fil-A |
Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
4,930
| Lease Start
11-01-2023
| #Units
2,806
|
Price/SF $1,437.12 | Expiration
11-01-2038
| Tenant Type Fast Casual/Rest. |
NOI $283,393 | R. Term 14.10 | Ownership Fee Simple |
Rent/SF
$57.48
| Increases 10.0%/5/yrs | Pop 5Mi 29,645 |
Lot/AC 2.80 | Options 13/5yrs/10% | AHHI 5Mi $80,412 |
| |
This newly constructed Chick-fil-A is strategically located at the signalized, hard corner intersection of E. Mercy Drive and Goliad Street which serves over 18,000 vehicles per day. The site benefits from nearby access to U.S. Highway 87 (14,900 VPD) and Interstate 20 (10,200 VPD), making this an ideal centralized location with easy commutes. Moreover, it is adjacent to a Walmart Supercenter...
...New construction
Signalized intersection
Near major nationals
Strong tenant synergy
Highway close
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Chick-fil-A is one of the largest American fast food restaurant chains, and the largest specializing in chicken sandwiches. Chick-fil-A was first opened in 1946 in Atlanta, Georgia, under the name...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 1,087 | 14,531 | 25,125 |
2023 Total Population : | 1,119 | 14,915 | 25,711 |
2023 Employed Civilian Pop : | 594 | 6,798 | 10,733 |
2023 Total Businesses : | 35 | 692 | 969 |
2023 Average Household Income : | $ 95,112 | $ 79,158 | $ 79,853 |
2023 Total Consumer Spending : | $ 33 M | $ 402 M | $ 674 M |
2023 Median Age : | 34 | 38 | 38 |
2023 Total Households : | 401 | 5,772 | 9,562 |
2023 Pop Age 25+: Bachelor's Degree : | 110 | 1,088 | 1,800 |
2023 Average Home Value : | $ 153,409 | $ 148,381 | $ 160,692 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
North FM 700 | I- 20 Sr N | 2021 | 2,532 | 0.19 mi |
Jesse Rd | 2021 | 1,820 | 0.37 mi | |
Arnett Rd | 2021 | 24,196 | 0.37 mi | |
Jesse Rd | 2021 | 1,300 | 0.39 mi | |
East FM 700 | E 11th Pl | 2021 | 7,250 | 0.48 mi |
Co Rd 700 W | 2021 | 650 | 0.70 mi | |
Co Rd 700 W | 2021 | 25,617 | 0.71 mi | |
E Marcy Dr | 2021 | 700 | 0.71 mi | |
East 3rd Street | Cir Dr | 2019 | 8,333 | 1.16 mi |
East 3rd Street | Johnson St | 2021 | 3,945 | 1.19 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]