Price $1,050,000 | Built/Renov 2017 | Tenant Starbucks |
Cap Rate 4.76% | Lease Type
Double NN | Guarantor Corp T and Rated |
Size/SF
1,825
| Lease Start
08-01-2017
| #Units
36,000
|
Price/SF $575.34 | Expiration
07-31-2032
| Tenant Type Fast Food/QSR |
NOI $50,000 | R. Term 8.7 | Ownership Fee Simple |
Rent/SF
$27.40
| Increases 10.0%/4/yrs | Pop 5Mi 38,419 |
Lot/AC 1.23 | Options 4/5yrs/10% | AHHI 5Mi $90,222 |
| |
This 1,825 square foot Starbucks is strategically located at the signalized, hard corner intersection of Perry Parkway and Houston Lake Road seeing over 18,300 vehicles per day. The site benefits from its location as an outparcel to a Publix Supermarket anchored shopping center. National/credit tenants in the area include McDonald’s, Circle K, O’Reilly Auto Parts, Wendy’s and more....
...Signalized intersection
Hard corner intersection
Near major nationals
Shopping Ctr out-parcel
Strategically located
Affluent suburb location
Major MSA
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 : | 4,109 | 19,251 | 39,156 |
2023 Total Population : | 3,815 | 18,189 | 36,810 |
2023 Employed Civilian Pop : | 1,826 | 8,142 | 17,224 |
2023 Total Businesses : | 84 | 562 | 768 |
2023 Average Household Income : | $ 86,301 | $ 88,443 | $ 102,298 |
2023 Total Consumer Spending : | $ 106 M | $ 534 M | $ 1195 M |
2023 Median Age : | 41 | 40 | 39 |
2023 Total Households : | 1,429 | 6,992 | 13,587 |
2023 Pop Age 25+: Bachelor's Degree : | 384 | 1,957 | 5,286 |
2023 Average Home Value : | $ 216,565 | $ 219,094 | $ 244,497 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Houston Lake Road | Keith Dr | 2019 | 10,400 | 0.46 mi |
North Davis Drive | Milton Way | 2021 | 1,920 | 0.70 mi |
Perry Pkwy | Kings Chapel Rd | 2005 | 5,720 | 0.79 mi |
Windsor Road | Kingston Rd | 2021 | 90 | 0.95 mi |
Lake Joy Road | S Lake Dr | 2021 | 3,420 | 0.95 mi |
Lake Joy Road | Glen Oaks Rd | 2019 | 3,700 | 0.95 mi |
Park Avenue | PkwyDr | 2021 | 2,450 | 1.01 mi |
Oldfield Lane | State Ave | 2018 | 320 | 1.12 mi |
Oldfield Lane | State Ave | 2021 | 360 | 1.12 mi |
Oldfield Lane | 2019 | 320 | 1.12 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]