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| Price $4,615,000 $4,615,000 | Built/Renov 2023 | Tenant Jollibee |
| Cap Rate 6.50% 6.50% | Lease Type
Double NN | Guarantor Corp Traded |
| Size/SF
2,500
| Lease Start
05-01-2023
| #Units
1,570
|
| Price/SF $1,846.00 $1,846.00 | Expiration
04-30-2038
| Tenant Type Fast Food/QSR |
| NOI $300,000 | R. Term 12.10 | Ownership Fee Simple |
| Rent/SF
$120.00
| Increases 10.0%/4/yrs | Pop 5Mi 421,610 |
| Lot/AC 0.44 | Options 6/5yrs/10% | AHHI 5Mi $93,272 |
| | |
Jollibee is strategically located at the signalized, hard corner intersection of Rainbow Blvd. and W Cheyenne Ave Colliers, with access to a robust combined daily traffic count of 57,500 vehicles. Situated immediately east of the US-95 Freeway (227,500 VPD), the property is well-positioned within Cheyenne Commons. It offers excellent access with 8 points of ingress and egress at two separate...
...New construction
Signalized intersection
High traffic 50M+ VPD
WalMart out-parcel
Top 100 MSA
Strong demographics
Income tax free state
Long 10+ yr lease
Corporate Guarantee
Publicly traded company
Jollibee is the flagship brand of Jollibee Foods Corporation and is the largest and fastest-growing Asian restaurant company in the world. Jollibee is best known for Chickenjoy, their signature...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 18,453 | 183,884 | 434,523 |
| 2023 Total Population : | 18,241 | 179,758 | 426,006 |
| 2023 Employed Civilian Pop : | 9,227 | 85,467 | 198,218 |
| 2023 Total Businesses : | 706 | 4,733 | 11,188 |
| 2023 Average Household Income : | $ 72,318 | $ 84,125 | $ 90,768 |
| 2023 Total Consumer Spending : | $ 442 M | $ 5064 M | $ 12539 M |
| 2023 Median Age : | 37 | 39 | 39 |
| 2023 Total Households : | 7,020 | 69,306 | 159,526 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,177 | 20,441 | 51,147 |
| 2023 Average Home Value : | $ 388,502 | $ 401,723 | $ 429,089 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Rainbow Blvd | W Cheyenne Ave | 2012 | 20,988 | 0.01 mi |
| W Cheyenne Ave | N Rainbow Blvd | 2017 | 42,525 | 0.06 mi |
| N Rainbow Blvd | W Cheyenne Ave | 2016 | 23,300 | 0.06 mi |
| N Rainbow Blvd | W Cheyenne Ave | 2017 | 19,775 | 0.09 mi |
| N Rainbow Blvd | W Light Breeze Dr | 2016 | 4,275 | 0.10 mi |
| West Cheyenne Avenue | N Rainbow Blvd | 2022 | 38,500 | 0.12 mi |
| W Atwood Ave | N Irv Marcus Dr | 2014 | 697 | 0.19 mi |
| W Cheyenne Ave | N Oran K Gragson Expy | 2010 | 42,763 | 0.21 mi |
| N Oran K Gragson Expy | W Cheyenne Ave | 2004 | 121,000 | 0.26 mi |
| N Winterhaven Ave | W Atwood Ave | 2014 | 387 | 0.27 mi |
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Size/SF 3,318
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Cap Rate 5.75%
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
