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| Price $2,218,333 | Built/Renov 2012 | Tenant BJ's Brewhouse (GL) |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
8,500
| Lease Start
12-31-2012
| #Units
216
|
| Price/SF $260.98 | Expiration
12-31-2033
| Tenant Type Casual Dining |
| NOI $133,100 | R. Term 8.7 | Ownership Ground Lease |
| Rent/SF
$15.66
| Increases 10.0%/5/yrs | Pop 5Mi 143,444 |
| Lot/AC 0.00 | Options 1/5yrs/10% | AHHI 5Mi $109,285 |
| | |
The subject property has excellent visibility and accessibility from the I-71/I-75 interchange. It is located in between Mall Road and I-77 which have a combined count of 98,125 vehicles passing per day. This particular BJ’S Brewhouse is in a major retail corridor and sits adjacent to Florence Mall (950,000+ SF), which is anchored by Macy's and JCPenney. Other retailers in the immediate area...
...High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company
BJ’s Brewhouse is a national brand with brewhouse roots and a menu where craft matters. BJ’s broad menu has something for everyone: slow-roasted entrees, BJ’s enLIGHTened Entrees®, signature...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,264 | 71,246 | 147,756 |
| 2023 Total Population : | 7,881 | 68,149 | 143,660 |
| 2023 Employed Civilian Pop : | 3,875 | 34,551 | 72,747 |
| 2023 Total Businesses : | 651 | 2,971 | 4,912 |
| 2023 Average Household Income : | $ 85,704 | $ 96,292 | $ 104,262 |
| 2023 Total Consumer Spending : | $ 232 M | $ 2251 M | $ 4843 M |
| 2023 Median Age : | 40 | 38 | 38 |
| 2023 Total Households : | 3,127 | 27,097 | 54,052 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,050 | 9,266 | 22,874 |
| 2023 Average Home Value : | $ 216,199 | $ 208,548 | $ 237,538 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 3151 | Plz Blvd | 2008 | 16,946 | 0.07 mi |
| 2012 | 10,766 | 0.16 mi | ||
| Exchange Dr | Cayton Rd | 2014 | 8,307 | 0.18 mi |
| Mall Circle Rd | 2022 | 5,517 | 0.28 mi | |
| Cayton Rd | Exchange Dr | 2014 | 8,307 | 0.33 mi |
| I-75 RAMP from KY 18 | Hwy 42 | 2021 | 7,154 | 0.34 mi |
| Mall Road | Mall Cir Rd | 2021 | 16,120 | 0.35 mi |
| I 71;I 75 | Burlington Pike | 2021 | 123,552 | 0.37 mi |
| Hwy 42 | 2018 | 6,213 | 0.37 mi | |
| I-75 RAMP from MALL RD | Hwy 42 | 2021 | 6,478 | 0.39 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
