Price $2,420,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 5.25% | Lease Type
NN+ | Guarantor Corp T and Rated |
Size/SF
2,350
| Lease Start
09-15-2023
| #Units
36,000
|
Price/SF $1,029.79 | Expiration
09-14-2033
| Tenant Type Fast Food/QSR |
NOI $127,067 | R. Term 9.9 | Ownership Fee Simple |
Rent/SF
$54.07
| Increases 10.0%/5/yrs | Pop 5Mi 34,663 |
Lot/AC 0.69 | Options 4/5yrs/10% | AHHI 5Mi $90,352 |
| |
This newly construction Starbucks, equipped with a drive-thru, is located on South Four J Road which sees 14,400, vehicles passing by daily. It is also adjacent to the signalized intersection at Four J Road and Lakeway Road (15,500 VPD). Nearby major nationals include Walmart, JoAnn, Hobby Lobby, Marshalls, and more, creating a strong consumer drive to the immediate trade area. The site...
...New construction
New roof
Strategically located
Freeway close
Affluent suburb location
Income tax free state
Brand new lease
Favorable NN+ lease
Traded and rated company
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 : | 6,743 | 27,286 | 36,112 |
2023 Total Population : | 6,866 | 27,699 | 36,731 |
2023 Employed Civilian Pop : | 3,638 | 14,778 | 19,567 |
2023 Total Businesses : | 293 | 1,417 | 1,631 |
2023 Average Household Income : | $ 106,483 | $ 101,239 | $ 101,228 |
2023 Total Consumer Spending : | $ 231 M | $ 935 M | $ 1234 M |
2023 Median Age : | 34 | 34 | 34 |
2023 Total Households : | 2,532 | 10,688 | 14,092 |
2023 Pop Age 25+: Bachelor's Degree : | 708 | 2,356 | 3,141 |
2023 Average Home Value : | $ 255,900 | $ 274,498 | $ 280,940 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
South 4-J Road | Lakeway Rd | 2018 | 14,405 | 0.04 mi |
West Lakeway Road | Ash St | 2018 | 13,510 | 0.15 mi |
South 4-J Road | W Walnut St | 2018 | 11,000 | 0.17 mi |
West Lakeway Road | Rodeo St | 2018 | 4,872 | 0.17 mi |
South 4-J Road | S 4-J Rd | 2018 | 4,831 | 0.26 mi |
West Lakeway Road | W Boxelder Rd | 2018 | 4,703 | 0.31 mi |
East Lakeway Road | Elder St | 2018 | 16,500 | 0.37 mi |
Enzi Drive | Sinclair St | 2018 | 10,590 | 0.44 mi |
Harder Drive | Glacier Dr | 2018 | 2,898 | 0.44 mi |
West Lakeway Road | Sage Valley Dr | 2018 | 3,713 | 0.48 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]