Price $3,793,103 | Built/Renov 2023 | Tenant Chipotle |
Cap Rate 4.35% | Lease Type
Abs NNN | Guarantor Corp Traded |
Size/SF
2,325
| Lease Start
07-01-2023
| #Units
3,224
|
Price/SF $1,631.44 | Expiration
06-30-2038
| Tenant Type Fast Casual/Rest. |
NOI $165,000 | R. Term 14.6 | Ownership Fee Simple |
Rent/SF
$70.97
| Increases 10.0%/5/yrs | Pop 5Mi 105,314 |
Lot/AC 0.74 | Options 4/5yrs/10% | AHHI 5Mi $72,501 |
| |
This newly constructed Chipotle is situated directly off of Interstate 35 (at exit 166A), along NE Interstate 410 Loop, which boasts over 150,000 vehicles per day. This location will feature the new “Chipotlane” prototype. Other major tenants in the area include Home Depot, Office Depot, PetSmart, Olive Garden among others, increasing consumer draw to the overall trade area. In addition to the...
...New construction
New prototype
Freeway visibility
Highway location
Dense 100M+ pop 5 mi
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Corporate Guarantee
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 8,637 | 102,803 | 294,389 |
2023 Total Population : | 8,771 | 101,803 | 292,149 |
2023 Employed Civilian Pop : | 3,606 | 48,101 | 140,428 |
2023 Total Businesses : | 768 | 4,089 | 9,992 |
2023 Average Household Income : | $ 67,101 | $ 74,057 | $ 90,269 |
2023 Total Consumer Spending : | $ 197 M | $ 2613 M | $ 8584 M |
2023 Median Age : | 39 | 37 | 37 |
2023 Total Households : | 3,378 | 40,447 | 109,959 |
2023 Pop Age 25+: Bachelor's Degree : | 1,081 | 11,107 | 38,108 |
2023 Average Home Value : | $ 209,361 | $ 224,806 | $ 260,745 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Fourwinds Dr | Walzem Rd | 2010 | 8,610 | 0.13 mi |
Walzem Road | Fourwinds Dr | 2021 | 36,808 | 0.15 mi |
Interstate 35 North | Center PkBlvd | 2021 | 31,515 | 0.18 mi |
Windsor Cross | Windsor Hill | 2010 | 2,490 | 0.18 mi |
Walzem Rd | Windsor Cross | 2013 | 37,185 | 0.20 mi |
North Pan Am Expressway | I- 35 Access Rd | 2021 | 167,299 | 0.21 mi |
North Pan Am Expressway | Fratt Dr | 2020 | 174,649 | 0.21 mi |
Walzem Rd | I- 35 Access Rd | 2011 | 17,493 | 0.22 mi |
Fratt Dr | Fratt Rd | 2011 | 906 | 0.25 mi |
Interstate 35 North | Access Rd | 2021 | 19,312 | 0.25 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]