Sold Subscription Required
| Price $1,833,000 | Built/Renov 2023 | Tenant Culver's (GL) |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
4,750
| Lease Start
09-01-2023
| #Units
2
|
| Price/SF $385.89 | Expiration
08-30-2038
| Tenant Type Fast Casual/Rest. |
| NOI $110,000 | R. Term 13.3 | Ownership Ground Lease |
| Rent/SF
$23.16
| Increases 10.0%/5/yrs | Pop 5Mi 123,000 |
| Lot/AC 1.05 | Options 2/5yrs/10% | AHHI 5Mi $120,223 |
| | |
Culvers is strategically located along Grand Avenue, directly off Brown Rd. which sees 20,200+ vehicles passing by daily. It is located just across the street from the 1,200,000+ square foot Great Lakes Crossing Outlets Mall, featuring 185 stores with 9 anchor tenants, a 1,000-seat food court, a 25-screen movie theater, Round1 and Legoland Discovery Center and Sea Life. It is also surrounded...
...New construction
Extensive TI’s
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Top 100 MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Personal guarantee
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,134 | 26,045 | 103,843 |
| 2023 Total Population : | 7,141 | 26,067 | 104,204 |
| 2023 Employed Civilian Pop : | 3,938 | 13,705 | 52,098 |
| 2023 Total Businesses : | 129 | 812 | 3,144 |
| 2023 Average Household Income : | $ 132,543 | $ 141,931 | $ 116,246 |
| 2023 Total Consumer Spending : | $ 318 M | $ 1208 M | $ 4124 M |
| 2023 Median Age : | 40 | 39 | 39 |
| 2023 Total Households : | 2,823 | 10,006 | 41,265 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,602 | 5,283 | 17,256 |
| 2023 Average Home Value : | $ 306,809 | $ 347,812 | $ 353,156 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Baldwin Rd | Grand Cir Park | 2014 | 20,216 | 0.11 mi |
| S Baldwin Rd | Maybee Rd | 2012 | 22,343 | 0.13 mi |
| Maybee Rd | S Baldwin Rd | 2012 | 4,381 | 0.16 mi |
| S Baldwin Rd | Maybee Rd | 2012 | 22,265 | 0.20 mi |
| Maybee Rd | S Baldwin Rd | 2012 | 5,482 | 0.20 mi |
| Maybee Rd | Forest Springs Dr | 2015 | 4,190 | 0.22 mi |
| S Baldwin Rd | Gregory Rd | 2012 | 22,435 | 0.31 mi |
| S Baldwin Rd | Thornwood | 2008 | 23,943 | 0.34 mi |
| S Baldwin Rd | Elmy Dr | 2012 | 22,416 | 0.39 mi |
| S Baldwin Rd | Baldwin Woods Dr | 2014 | 18,830 | 0.46 mi |
Pasadena, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,144
Jeffersonville, IN
Cap Rate 5.75%
Lease NN+
R. Term 9.10 yrs
Size/SF 510
Crestwood, IL
Cap Rate 5.75%
Lease NN+
R. Term 10.90 yrs
Size/SF 2,370
Hazel Green, AL
Cap Rate 6.00%
Lease Abs NNN
R. Term 8.30 yrs
Size/SF 1,490
Muskegon, MI
Cap Rate 6.00%
Lease NN+
R. Term 10.10 yrs
Size/SF 2,325
Texas City, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,781
Brazoria, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,522
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
