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| Price $36,837,000 | Built/Renov 1970 | Tenant Hoffmaster |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
485,057
| Lease Start
09-25-2020
| #Units
6
|
| Price/SF $75.94 | Expiration
09-24-2035
| Tenant Type Industrial |
| NOI $2,210,200 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$4.56
| Increases 0.0%/1/yrs | Pop 5Mi 71,771 |
| Lot/AC 41.92 | Options 2/10yrs/2.25% | AHHI 5Mi $74,122 |
| | |
Hoffmaster Group is located off North Main Street which sees an average of 8,100 vehicles per day. It is adjacent to Jackson Street (Hwy 76) with clear visibility and access to 15,500 vehicles passing by daily. The asset is less than 3.5 miles from Interstate 41, a 176-mile North/South thoroughfare stretching from the Wisconsin-Illinois border to Green Bay. The trade area is supported by...
...In location for years
Highway close
Major MSA
Long operation history
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee
Hoffmaster Group, Inc., dba Hoffmaster, is a leading North American manufacturer of a broad portfolio of high-end, decorative disposable tableware for foodservice distributors, retail,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,040 | 41,046 | 71,772 |
| 2023 Total Population : | 4,076 | 41,312 | 72,051 |
| 2023 Employed Civilian Pop : | 1,820 | 20,407 | 36,261 |
| 2023 Total Businesses : | 240 | 1,354 | 2,453 |
| 2023 Average Household Income : | $ 74,351 | $ 71,578 | $ 77,339 |
| 2023 Total Consumer Spending : | $ 124 M | $ 989 M | $ 1997 M |
| 2023 Median Age : | 39 | 33 | 37 |
| 2023 Total Households : | 1,923 | 15,805 | 29,671 |
| 2023 Pop Age 25+: Bachelor's Degree : | 616 | 4,927 | 10,245 |
| 2023 Average Home Value : | $ 221,796 | $ 216,431 | $ 221,240 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Main St | W Packer Ave | 2016 | 2,400 | 0.30 mi |
| E Packer Ave | Harrison St | 2019 | 2,000 | 0.34 mi |
| Harrison St | Nicolet Ave | 2019 | 2,600 | 0.35 mi |
| West Fernau Avenue | Jackson St | 2019 | 1,300 | 0.35 mi |
| Jackson Street | Industrial Ave | 2019 | 15,500 | 0.37 mi |
| Co Rd A | Macarthur Rd | 2019 | 8,600 | 0.38 mi |
| W Packer Ave | N Main St | 2019 | 2,200 | 0.39 mi |
| Bowen St | Portside Ct | 2004 | 5,700 | 0.42 mi |
| Jackson St | W Fernau Ave | 2016 | 12,300 | 0.44 mi |
| N Main St | W Fernau Ave | 2019 | 2,600 | 0.57 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
