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| Price $2,138,000 | Built/Renov 2021 | Tenant Cafe Rio Mexican Grill |
| Cap Rate 4.50% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
2,601
| Lease Start
09-09-2021
| #Units
154
|
| Price/SF $821.99 | Expiration
12-31-2031
| Tenant Type Fast Casual/Rest. |
| NOI $96,200 | R. Term 6.8 | Ownership Fee Simple |
| Rent/SF
$36.99
| Increases 10.0%/3/yrs | Pop 5Mi 181,111 |
| Lot/AC 0.74 | Options 2/5yrs/10% | AHHI 5Mi $79,099 |
| | |
This newly constructed Cafe Rio Mexican Grill is ideally situated on the south side of Weber County’s largest commercial corridor, Riverdale Road (48,000 VPD). The site benefits from robust demographics with a total daytime population of 185,127 within a 5-mile radius, while the average household income within 5 miles of the site is $79,099. The Riverdale Road Shopping District is Weber...
...New construction
Dense retail corridor
Near major nationals
Highway location
Dense 100M+ pop 5 mi
Strong demographics
Brand new lease
Favorable NN+ lease
Corporate Guarantee
Over 100 Units backed
Cafe Rio, or Cafe Rio Mexican Grill, is an American fast casual restaurant chain. Founded in 1997, Cafe Rio specializes in serving the highest quality, made-from-scratch Tex-Mex meals, using only...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 12,730 | 85,676 | 187,048 |
| 2023 Total Population : | 12,045 | 82,867 | 181,578 |
| 2023 Employed Civilian Pop : | 5,827 | 41,015 | 89,716 |
| 2023 Total Businesses : | 502 | 3,439 | 5,140 |
| 2023 Average Household Income : | $ 74,651 | $ 89,059 | $ 93,412 |
| 2023 Total Consumer Spending : | $ 274 M | $ 2383 M | $ 5234 M |
| 2023 Median Age : | 32 | 33 | 33 |
| 2023 Total Households : | 4,230 | 30,742 | 64,567 |
| 2023 Pop Age 25+: Bachelor's Degree : | 977 | 9,661 | 21,352 |
| 2023 Average Home Value : | $ 362,795 | $ 397,395 | $ 412,218 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 300 W | Riverdale Rd | 2017 | 16,000 | 0.17 mi |
| 300 W | W 4400 S | 2011 | 13,920 | 0.18 mi |
| South 300 West | 2018 | 16,077 | 0.39 mi | |
| West Victory Road | 2018 | 6,177 | 0.40 mi | |
| 625 W | Riverdale Rd | 2011 | 30,045 | 0.40 mi |
| West Riverdale Road | Riverdale Rd | 2017 | 36,000 | 0.41 mi |
| S 300 W | W 4575 S | 2006 | 14,625 | 0.47 mi |
| East Victory Road | S 150 E | 2017 | 6,100 | 0.48 mi |
| 40th Street | Hillcrest Cir | 2017 | 26,000 | 0.54 mi |
| Riverdale Rd | E Chimes View Dr S | 2011 | 8,700 | 0.57 mi |
Erie, PA
Cap Rate 4.26%
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Size/SF 2,325
Vernal, UT
Cap Rate 4.73%
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Huntley, IL
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Dayton, OH
Cap Rate 5.50%
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Size/SF 2,325
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
