Price $9,080,000 | Built/Renov 2023 | Tenant Texas Born |
Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
6,400
| Lease Start
08-01-2023
| #Units
48
|
Price/SF $1,418.75 | Expiration
08-01-2043
| Tenant Type Convenience/Gas |
NOI $545,000 | R. Term 19.7 | Ownership Fee Simple |
Rent/SF
$85.16
| Increases 8.0%/5/yrs | Pop 5Mi 153,322 |
Lot/AC 1.79 | Options 5/5yrs/8% | AHHI 5Mi $67,658 |
| |
Texas Born is strategically located at the hard corner, signalized intersection of University Drive East and Plaza Centre Ct, with a traffic count of 30,000 vehicles passing by daily. This prime location serves as a key route to Texas A&M University, serving as a primary access point for students, faculty, staff, and visitors. Additionally, University Drive East intersects with State Highway...
...New construction
Signalized intersection
Highway close
Dense 100M+ pop 5 mi
New development zone
Income tax free state
Brand new lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee
TXB, or Texas Born, is a family of restaurant-style convenience stores and gas stations serving fresh-made food located in the southern portion of the United States with locations throughout Texas...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 6,186 | 54,801 | 151,565 |
2023 Total Population : | 5,697 | 52,839 | 146,722 |
2023 Employed Civilian Pop : | 2,939 | 26,516 | 64,669 |
2023 Total Businesses : | 242 | 2,377 | 5,006 |
2023 Average Household Income : | $ 98,541 | $ 75,753 | $ 67,920 |
2023 Total Consumer Spending : | $ 269 M | $ 1541 M | $ 3333 M |
2023 Median Age : | 40 | 27 | 24 |
2023 Total Households : | 3,202 | 23,326 | 55,955 |
2023 Pop Age 25+: Bachelor's Degree : | 1,563 | 9,075 | 18,339 |
2023 Average Home Value : | $ 447,181 | $ 348,809 | $ 315,970 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
University Drive East | Old Ti Rd | 2020 | 14,896 | 0.24 mi |
University Drive East | Copperfield Pkwy | 2021 | 8,955 | 0.40 mi |
University Drive East | Hwy 6 Frontage Rd | 2021 | 20,303 | 0.44 mi |
University Dr E | Earl Rudder Fwy | 2014 | 13,189 | 0.59 mi |
Harvey Rd | Old Ti Rd | 2002 | 7,300 | 0.71 mi |
Harvey Road | Ethic Ln | 2020 | 6,833 | 0.78 mi |
TX 6 | University Dr E | 2021 | 62,401 | 0.79 mi |
N Earl Rudder Fwy | 2021 | 8,402 | 0.84 mi | |
State Hwy 6 Frontage Rd | 2021 | 13,510 | 0.84 mi | |
TX 6 | Frontage 6 Rd W | 2021 | 49,903 | 0.86 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]