Price $2,389,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 5.65% | Lease Type
Double NN | Guarantor Corp T and Rated |
Size/SF
2,500
| Lease Start
07-01-2023
| #Units
36,000
|
Price/SF $955.60 | Expiration
06-30-2033
| Tenant Type Fast Food/QSR |
NOI $135,000 | R. Term 9.6 | Ownership Fee Simple |
Rent/SF
$54.00
| Increases 10.0%/5/yrs | Pop 5Mi 22,997 |
Lot/AC 0.92 | Options 6/5yrs/10% | AHHI 5Mi $77,646 |
| |
This newly constructed Starbucks is strategically positioned with excellent access and direct visibility from along NC-24, which has a daily traffic count of over 24,000 vehicles. It boasts a prime location in close proximity to major retail anchors such as Walmart Supercenter, Lowe’s, and Ingles Markets, creating a strong consumer drive to the trade area. Situated within a bustling...
...New construction
New prototype
Major thoroughfare
Dense retail corridor
Top 100 MSA
Brand new lease
Long 10+ yr 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 : | 2,777 | 16,405 | 24,120 |
2023 Total Population : | 2,710 | 16,200 | 23,938 |
2023 Employed Civilian Pop : | 1,145 | 6,734 | 10,169 |
2023 Total Businesses : | 260 | 1,068 | 1,253 |
2023 Average Household Income : | $ 65,898 | $ 68,709 | $ 73,086 |
2023 Total Consumer Spending : | $ 62 M | $ 414 M | $ 634 M |
2023 Median Age : | 40 | 41 | 42 |
2023 Total Households : | 1,074 | 6,818 | 9,833 |
2023 Pop Age 25+: Bachelor's Degree : | 197 | 1,468 | 2,284 |
2023 Average Home Value : | $ 145,498 | $ 217,320 | $ 224,912 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
NC 24;NC 27 | Mount Vernon Dr | 2021 | 14,500 | 0.06 mi |
State Hwy 24 | Jeffries St | 2018 | 14,000 | 0.09 mi |
US 52 | Eben St | 2021 | 13,000 | 0.17 mi |
US 52 | Eben St | 2020 | 11,000 | 0.18 mi |
Aquadale Rd | Eben St | 2016 | 12,000 | 0.18 mi |
US Hwy 52 N | Henning Dr | 2018 | 21,500 | 0.23 mi |
Ross Dr | 2021 | 22,000 | 0.25 mi | |
US 52 Business | Nc 27 27 Byp E | 2021 | 950 | 0.37 mi |
South 2nd Street | Boyette Dr | 2021 | 5,000 | 0.43 mi |
South 2nd Street | Aquadale Rd | 2018 | 5,500 | 0.43 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]