Price $3,662,337 | Built/Renov 2022 | Tenant Chipotle |
Cap Rate 3.85% | Lease Type
Abs NNN | Guarantor Corp Traded |
Size/SF
2,350
| Lease Start
06-01-2022
| #Units
3,224
|
Price/SF $1,558.44 | Expiration
05-31-2042
| Tenant Type Fast Casual/Rest. |
NOI $141,000 | R. Term 18.5 | Ownership Fee Simple |
Rent/SF
$60.00
| Increases 10.0%/5/yrs | Pop 5Mi 781,204 |
Lot/AC 0.47 | Options 4/5yrs/10% | AHHI 5Mi $81,936 |
| |
Chipotle is strategically located at the hard corner, signalized intersection of Harlem Avenue and Madison Street, a primary thoroughfare with over 53,000 vehicles passing by daily. The building is equipped with a drive thru. The property profits from excellent visibility via significant street frontage and a large monument sign. The site is a short walk from Rush Oak Park Hospital (664 beds)...
...New construction
Signalized intersection
Dense retail corridor
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 37,363 | 278,220 | 753,322 |
2023 Total Population : | 37,498 | 283,490 | 770,315 |
2023 Employed Civilian Pop : | 21,761 | 136,689 | 361,664 |
2023 Total Businesses : | 1,677 | 6,574 | 16,592 |
2023 Average Household Income : | $ 128,488 | $ 102,484 | $ 89,477 |
2023 Total Consumer Spending : | $ 2075 M | $ 9466 M | $ 21108 M |
2023 Median Age : | 42 | 37 | 35 |
2023 Total Households : | 18,985 | 107,440 | 273,889 |
2023 Pop Age 25+: Bachelor's Degree : | 9,481 | 35,699 | 78,494 |
2023 Average Home Value : | $ 439,033 | $ 360,443 | $ 316,627 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Harlem Ave | Alley | 2013 | 37,300 | 0.06 mi |
Madison St | Elgin Ave | 2014 | 11,700 | 0.07 mi |
Madison St | S Maple Ave | 2018 | 19,100 | 0.08 mi |
Wisconsin Ave | Washington Blvd | 2014 | 1,150 | 0.16 mi |
Washington Blvd | Wisconsin Ave | 2014 | 7,050 | 0.16 mi |
IL 43 | Randolph St | 2021 | 31,900 | 0.16 mi |
IL 43 | 2021 | 32,700 | 0.17 mi | |
Randolph St | Belvidere Ave | 2014 | 7,000 | 0.28 mi |
Randolph St | 2021 | 7,600 | 0.32 mi | |
Randolph Street | Alley | 2018 | 2,200 | 0.33 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]