Price $2,200,000 $2,435,000 | Built/Renov 2018 | Tenant AutoZone (GL) |
Cap Rate 5.14% 4.64% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
7,600
| Lease Start
01-25-2019
| #Units
6,943
|
Price/SF $289.47 $320.39 | Expiration
01-31-2034
| Tenant Type Automotive |
NOI $113,000 | R. Term 10.1 | Ownership Ground Lease |
Rent/SF
$14.87
| Increases 10.0%/1/yrs | Pop 5Mi 172,147 |
Lot/AC 1.00 | Options 7/5yrs/10% | AHHI 5Mi $113,309 |
| |
AutoZone is strategically located at the hard corner intersection of Beach Boulevard and Gerona Drive East seeing over 45,000 vehicles per day. The site is directly across from Pablo Creek Plaza, a Target anchored shopping center, with tenants including Game Stop, Dollar Tree, Michaels and more. Additional national/credit tenants in the area include Pizza Hut, Smoothie King, Bank of America,...
...Hard corner intersection
Build to suit
Major thoroughfare
Highway location
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant
AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 13,027 | 77,632 | 177,428 |
2023 Total Population : | 11,533 | 75,007 | 172,817 |
2023 Employed Civilian Pop : | 5,876 | 40,803 | 96,670 |
2023 Total Businesses : | 513 | 2,239 | 7,756 |
2023 Average Household Income : | $ 135,918 | $ 123,214 | $ 119,758 |
2023 Total Consumer Spending : | $ 545 M | $ 3306 M | $ 7429 M |
2023 Median Age : | 39 | 38 | 38 |
2023 Total Households : | 4,626 | 31,213 | 72,055 |
2023 Pop Age 25+: Bachelor's Degree : | 2,373 | 16,802 | 39,416 |
2023 Average Home Value : | $ 389,213 | $ 422,545 | $ 431,000 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Hodges Blvd | Fario Rd | 2010 | 32,858 | 0.23 mi |
Hodges Boulevard | Beach Blvd | 2021 | 24,000 | 0.30 mi |
Beach Boulevard | Beach Blvd | 2021 | 36,500 | 0.40 mi |
Beach Blvd | San Pablo Rd | 2010 | 41,500 | 0.97 mi |
San Pablo Rd | Beach Blvd | 2010 | 27,014 | 1.04 mi |
San Pablo Rd | Beach Blvd | 2010 | 23,357 | 1.04 mi |
Beach Boulevard | Highland Glen Bv | 2021 | 41,000 | 1.10 mi |
San Pablo Road South | Seven Pines Dr | 2021 | 20,500 | 1.25 mi |
San Pablo Parkway | Crosswater Blvd | 2021 | 26,000 | 1.42 mi |
Beach Blvd | Station Creek Rd | 2010 | 46,500 | 1.56 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]