Price $2,217,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 5.75% | Lease Type
NN+ | Guarantor Corp T and Rated |
Size/SF
2,225
| Lease Start
09-01-2023
| #Units
36,000
|
Price/SF $996.40 | Expiration
08-31-2038
| Tenant Type Fast Food/QSR |
NOI $127,500 | R. Term 14.8 | Ownership Fee Simple |
Rent/SF
$57.30
| Increases 7.5%/6/yrs | Pop 5Mi 52,247 |
Lot/AC 0.85 | Options 3/5yrs/15.56% | AHHI 5Mi $78,350 |
| |
Starbucks is conveniently located on Homer M Adams Pkwy, which has a daily traffic count of 22,500 vehicles. The property is in close proximity to Alton Square shopping mall, which features popular stores like JCPenney and Ross. Additionally, there are several hotels nearby, including a newly developed Holiday Inn, Super 8, Hampton Inn & Suites, and Best Western. The area is also home to major...
...New construction
Dense retail corridor
Strong tenant synergy
Top 100 MSA
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 3,214 | 33,599 | 51,513 |
2023 Total Population : | 3,269 | 34,119 | 52,247 |
2023 Employed Civilian Pop : | 1,409 | 15,803 | 24,047 |
2023 Total Businesses : | 263 | 1,373 | 1,819 |
2023 Average Household Income : | $ 55,782 | $ 75,359 | $ 78,350 |
2023 Total Consumer Spending : | $ 73 M | $ 1006 M | $ 1567 M |
2023 Median Age : | 39 | 41 | 42 |
2023 Total Households : | 1,496 | 15,263 | 22,884 |
2023 Pop Age 25+: Bachelor's Degree : | 270 | 3,700 | 5,495 |
2023 Average Home Value : | $ 122,856 | $ 154,661 | $ 160,241 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Buckmaster Ln | Homer M Adams Pkwy | 2011 | 6,500 | 0.05 mi |
Homer M Adams Pkwy | Golf Rd | 2011 | 25,400 | 0.10 mi |
Oakwood Ave | Buckmaster Ln | 2011 | 4,350 | 0.12 mi |
Oakwood Ave | Valentine Ln | 2011 | 4,350 | 0.18 mi |
Homer M Adams Pkwy | Buckmaster Ln | 2011 | 19,500 | 0.18 mi |
Oakwood Ave | Toledo Ave | 2011 | 5,000 | 0.22 mi |
Golf Rd | Homer M Adams Pkwy | 2011 | 1,600 | 0.23 mi |
Golf Rd | Homer M Adams Pkwy | 2011 | 2,550 | 0.26 mi |
Tulane St | Tonsor Pl | 2011 | 1,700 | 0.32 mi |
Oakwood Ave | Lovejoy Ln | 2011 | 3,750 | 0.39 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]