Price $2,965,000 | Built/Renov 2023 | Tenant Chipotle |
Cap Rate 4.25% | Lease Type
Abs NNN | Guarantor Corp Traded |
Size/SF
2,325
| Lease Start
07-01-2023
| #Units
3,224
|
Price/SF $1,275.27 | Expiration
07-01-2038
| Tenant Type Fast Casual/Rest. |
NOI $126,000 | R. Term 14.6 | Ownership Fee Simple |
Rent/SF
$54.19
| Increases 10.0%/5/yrs | Pop 5Mi 79,088 |
Lot/AC 0.94 | Options 4/5yrs/10% | AHHI 5Mi $83,776 |
| |
This newly constructed 2,325 square foot Chipotle is situated at the signalized, hard corner intersection of Vintage Alcoa Way and US Hwy 129 with access to 53,400 vehicles per day. The subject property has excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers. The asset is part of a larger development that will feature over 16,800...
...New construction
Signalized intersection
Near major nationals
Freeway close
Top 100 MSA
New development zone
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 5,031 | 45,779 | 80,265 |
2023 Total Population : | 4,707 | 44,627 | 78,042 |
2023 Employed Civilian Pop : | 1,901 | 20,436 | 36,016 |
2023 Total Businesses : | 497 | 2,013 | 2,745 |
2023 Average Household Income : | $ 66,180 | $ 79,257 | $ 83,291 |
2023 Total Consumer Spending : | $ 125 M | $ 1241 M | $ 2278 M |
2023 Median Age : | 42 | 41 | 43 |
2023 Total Households : | 2,174 | 17,921 | 31,372 |
2023 Pop Age 25+: Bachelor's Degree : | 592 | 6,118 | 10,415 |
2023 Average Home Value : | $ 292,241 | $ 286,950 | $ 307,413 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
US Hwy 129 | W Bessemer St | 2005 | 43,600 | 0.20 mi |
Mall Rd | 2022 | 46,372 | 0.23 mi | |
W Bessemer St | 2021 | 43,489 | 0.23 mi | |
Osley Dr | 2021 | 33,857 | 0.35 mi | |
Hamilton Crossing Drive | Seahorn St | 2022 | 4,352 | 0.35 mi |
US Hwy 129 | Louisville Rd | 2005 | 37,110 | 0.42 mi |
Foch Street | Hwy 129 | 2022 | 4,495 | 0.44 mi |
West Bessemer Street | Louisville Rd | 2022 | 16,908 | 0.45 mi |
W. BESSEMER ST. | Louisville Rd | 2021 | 18,422 | 0.45 mi |
North Calderwood Street | Louisville Rd | 2022 | 19,333 | 0.52 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]