Price $25,122,000 | Built/Renov 1992/2010 | Tenant Floor & Decor (GL) |
Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
106,690
| Lease Start
04-30-2024
| #Units
197
|
Price/SF $235.47 | Expiration
09-30-2036
| Tenant Type Big Box Retail |
NOI $1,444,500 | R. Term 12.9 | Ownership Ground Lease |
Rent/SF
$13.54
| Increases 10.0%/3/yrs | Pop 5Mi 125,830 |
Lot/AC 10.88 | Options 6/5yrs/10% | AHHI 5Mi $144,591 |
| |
Floor and Decor is located off the signalized, hard corner intersection of Pine Ridge Road and Naples Blvd., averaging a combined 72,000 vehicles passing by daily. It is also Ideally positioned off the I-75 and Pine Ridge Road exit (89,900 VPD), providing a direct on/off ramp access point for users. The dense trade is supported by several retail developments and big box retailers such as...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Strategically located
Major MSA
Income tax free state
Brand new lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Floor & Decor Holdings, Inc (dba Floor & Decor) is a leading specialty retailer and commercial distributor of hard surface flooring. The company offers a broad assortment of in-stock hard-surface...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 5,860 | 48,472 | 122,401 |
2023 Total Population : | 6,042 | 49,813 | 125,830 |
2023 Employed Civilian Pop : | 3,067 | 19,951 | 52,895 |
2023 Total Businesses : | 1,486 | 5,150 | 10,972 |
2023 Average Household Income : | $ 130,200 | $ 162,213 | $ 144,591 |
2023 Total Consumer Spending : | $ 332 M | $ 3433 M | $ 7171 M |
2023 Median Age : | 55 | 61 | 55 |
2023 Total Households : | 2,952 | 24,583 | 57,523 |
2023 Pop Age 25+: Bachelor's Degree : | 1,642 | 12,853 | 29,192 |
2023 Average Home Value : | $ 582,481 | $ 895,019 | $ 787,581 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Naples Boulevard | Naples Blvd | 2022 | 14,600 | 0.29 mi |
Pine Ridge Road | Woodshire Ln | 2022 | 52,000 | 0.33 mi |
Pine Ridge Road | Forest Lakes Blvd | 2021 | 50,500 | 0.34 mi |
Airport Pulling Rd N | Pine Ridge Rd | 2005 | 44,500 | 0.54 mi |
Pine Ridge Road | Kensington Pk | 2022 | 56,500 | 0.96 mi |
Airport Pulling Road | Arbour Walk Cir | 2022 | 44,000 | 1.06 mi |
Pine Ridge Road | Pine Ridge Ct | 2022 | 33,500 | 1.30 mi |
Orange Blossom Drive | Wellington Dr | 2022 | 10,200 | 1.36 mi |
Pine Ridge Rd | La Costa Cir | 2005 | 57,000 | 1.40 mi |
Airport Pulling Road | Bailey Ln | 2022 | 39,000 | 1.52 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]