Price $1,236,000 | Built/Renov 1984 | Tenant Burger King |
Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
2,318
| Lease Start
12-06-2019
| #Units
181
|
Price/SF $533.22 | Expiration
03-31-2026
| Tenant Type Fast Food/QSR |
NOI $74,176 | R. Term 2.3 | Ownership Fee Simple |
Rent/SF
$32.00
| Increases 1.5%/1/yrs | Pop 5Mi 490,859 |
Lot/AC 0.86 | Options 4/5yrs/1.5% | AHHI 5Mi $72,339 |
| |
Burger King is located on the corner of West Lisbon Ave and West Appleton Avenue (61,100 VPD) providing excellent visibility via street sign frontage and multiple points of access providing ease and convenience for customers. The site is strategically located within a primary retail corridor with other nearby national/credit tenants including CVS, Wendy’s, Family Dollar, Advance Auto Parts,...
...High traffic 50M+ VPD
Strategically located
Highway location
Strong tenant synergy
Dense 200M+ pop 5 mi
Top 100 MSA
Strong demographics
Absolute NNN
Annual rent increases
100+ unit franchisee backed
Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 30,180 | 195,012 | 489,844 |
2023 Total Population : | 30,723 | 196,967 | 488,598 |
2023 Employed Civilian Pop : | 14,632 | 85,903 | 221,414 |
2023 Total Businesses : | 725 | 5,174 | 17,848 |
2023 Average Household Income : | $ 87,737 | $ 75,759 | $ 74,900 |
2023 Total Consumer Spending : | $ 984 M | $ 5356 M | $ 13529 M |
2023 Median Age : | 34 | 34 | 33 |
2023 Total Households : | 12,874 | 80,789 | 206,286 |
2023 Pop Age 25+: Bachelor's Degree : | 5,094 | 24,874 | 63,020 |
2023 Average Home Value : | $ 254,392 | $ 227,026 | $ 233,599 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
W Lisbon Ave | N 59th St | 2016 | 11,100 | 0.03 mi |
W Appleton Ave | N 57th St | 2019 | 18,400 | 0.03 mi |
W Center St | N 59th St | 2019 | 6,600 | 0.06 mi |
West Lisbon Avenue | N 59th St | 2019 | 11,600 | 0.07 mi |
West Appleton Avenue | N 58th St | 2019 | 21,600 | 0.10 mi |
W Center St | N 56th St | 2019 | 10,800 | 0.10 mi |
N 60th St | W Clarke St | 2004 | 10,400 | 0.11 mi |
W Appleton Ave | N 59th St | 2016 | 22,300 | 0.14 mi |
W Center St | N 61st St | 2019 | 7,100 | 0.14 mi |
West Appleton Avenue | N 56th St | 2019 | 27,500 | 0.14 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]