Price $1,070,000 | Built/Renov 2005 | Tenant AutoZone (GL) |
Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
8,700
| Lease Start
09-01-2023
| #Units
6,943
|
Price/SF $122.99 | Expiration
09-01-2025
| Tenant Type Automotive |
NOI $56,179 | R. Term 1.8 | Ownership Ground Lease |
Rent/SF
$6.46
| Increases 10.0%/2/yrs | Pop 5Mi 228,336 |
Lot/AC 0.60 | Options 4/5yrs/10% | AHHI 5Mi $87,525 |
| |
AutoZone is strategically located near the signalized, hard corner intersection of Kedzie Avenue and U.S. Highway 6, averaging a combined 50,200 vehicles passing by daily. The asset benefits from direct access onto Interstate 57 (137,400 VPD), Interstate 80 (95,000 VPD), Interstate 294 (135,300 VPD), and several State/U.S. Highways, making this a centralized location with easy commutes for...
...High traffic 50M+ VPD
Dense retail corridor
Freeway close
Highway close
Top 100 MSA
Strong demographics
Absolute NNN
Traded and rated company
Investment grade tenant
Subsidiary guarantee
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 : | 6,844 | 85,426 | 222,745 |
2023 Total Population : | 7,000 | 86,654 | 226,967 |
2023 Employed Civilian Pop : | 2,636 | 38,009 | 103,963 |
2023 Total Businesses : | 240 | 2,425 | 7,014 |
2023 Average Household Income : | $ 68,074 | $ 76,466 | $ 84,796 |
2023 Total Consumer Spending : | $ 134 M | $ 2041 M | $ 6219 M |
2023 Median Age : | 37 | 37 | 39 |
2023 Total Households : | 2,264 | 30,791 | 85,104 |
2023 Pop Age 25+: Bachelor's Degree : | 646 | 8,420 | 26,898 |
2023 Average Home Value : | $ 140,436 | $ 184,400 | $ 213,033 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
W 159th St | Whipple Ave | 2013 | 31,900 | 0.25 mi |
Kedzie Ave | 162nd St | 2014 | 18,300 | 0.26 mi |
Richmond Ave | Sherwood Ave | 2014 | 950 | 0.37 mi |
West 159th Street | Trumbull Ave | 2019 | 27,200 | 0.39 mi |
163rd St | Homan Ave | 2014 | 950 | 0.40 mi |
US 6 | 2021 | 20,500 | 0.40 mi | |
US 6 | 2021 | 29,100 | 0.40 mi | |
Richmond Avenue | Sussex Ave | 2018 | 1,400 | 0.42 mi |
Richmond Ave | Stafford Dr | 2014 | 950 | 0.42 mi |
Central Park Ave | Arthur Ter | 2014 | 1,050 | 0.51 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]