Price $2,300,000 | Built/Renov 1995/2023 | Tenant Burger King |
Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
2,592
| Lease Start
12-15-2021
| #Units
55
|
Price/SF $887.35 | Expiration
06-01-2044
| Tenant Type Fast Food/QSR |
NOI $115,000 | R. Term 20.5 | Ownership Fee Simple |
Rent/SF
$44.37
| Increases 5.0%/3/yrs | Pop 5Mi 35,353 |
Lot/AC 0.58 | Options 4/5yrs/5% | AHHI 5Mi $145,893 |
| |
Burger King is strategically located along North Fountain Hills Boulevard with access to over 11,600 vehicles per day. The site benefits from its position as an outparcel to a high performing Safeway grocery store anchored shopping center. Additional national/credit tenants in the area include Starbucks, Walgreens, Pizza Hut, Goodwill, Ace Hardware and more. Over 35,300 residents earning an...
...New prototype
Recent renovation
Dense retail corridor
Shopping Ctr out-parcel
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 15+ yr lease
Absolute NNN
Traded and rated company
50+ unit franchisee backed
Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 9,236 | 25,671 | 32,299 |
2023 Total Population : | 9,186 | 25,529 | 32,211 |
2023 Employed Civilian Pop : | 4,015 | 11,447 | 14,516 |
2023 Total Businesses : | 481 | 959 | 1,103 |
2023 Average Household Income : | $ 113,474 | $ 148,804 | $ 166,813 |
2023 Total Consumer Spending : | $ 459 M | $ 1554 M | $ 2112 M |
2023 Median Age : | 61 | 60 | 58 |
2023 Total Households : | 4,762 | 12,330 | 15,027 |
2023 Pop Age 25+: Bachelor's Degree : | 2,162 | 6,552 | 8,159 |
2023 Average Home Value : | $ 591,544 | $ 638,486 | $ 672,713 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
North Fountain Hills Boulevard | Four Peaks Vista Condos | 2018 | 5,382 | 0.04 mi |
N Fountain Hills Blvd | E Palisades Blvd | 2014 | 8,823 | 0.07 mi |
E Palisades Blvd | E Ave of the Fountains | 2014 | 12,513 | 0.14 mi |
Avienida Vida Buena | N Piedra Blanca Dr | 2010 | 1,797 | 0.17 mi |
N Fountain Hills Blvd | E Palisades Blvd | 2014 | 8,181 | 0.18 mi |
E Ave of the Fountains | Avienida Vida Buena | 2014 | 3,565 | 0.19 mi |
N Mountainside Dr | E Tumbleweed Dr | 2010 | 1,039 | 0.22 mi |
E el Lago Blvd | N Crystal Hills Dr | 2014 | 4,177 | 0.26 mi |
E el Lago Dr | N Daniel Dr | 2014 | 3,127 | 0.26 mi |
E Ave of the Fountains | E Westby Dr | 2008 | 5,310 | 0.30 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]