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| Price $2,332,000 | Built/Renov 2023 | Tenant Strickland Brothers |
| Cap Rate 6.70% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
1,621
| Lease Start
12-01-2023
| #Units
173
|
| Price/SF $1,438.62 | Expiration
12-31-2038
| Tenant Type Automotive |
| NOI $156,228 | R. Term 13.7 | Ownership Fee Simple |
| Rent/SF
$96.38
| Increases 10.0%/5/yrs | Pop 5Mi 151,837 |
| Lot/AC 0.53 | Options 4/5yrs/10% | AHHI 5Mi $98,985 |
| | |
This brand new, 1,621 SF Strickland Brothers is conveniently located along Wade Hampton Blvd., which sees 33,400 vehicles passing by daily. The property is located next door to a new O’Reilly Auto Parts, and is within close proximity to Advance Auto Parts, AutoZone, Mavis, and a newly constructed Heroes Car Wash, providing a strong consumer base from which to draw. Furthermore, it is in...
...New construction
Major thoroughfare
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Brand new lease
Absolute NNN
Corporate Guarantee
Strickland Brothers is a fast-growing one-stop shop for oil changes and vehicle maintenance services. The company is well-known for its drive-thru 10-minute oil change, and offers a list of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,850 | 66,559 | 156,753 |
| 2023 Total Population : | 6,843 | 65,342 | 151,837 |
| 2023 Employed Civilian Pop : | 3,442 | 33,302 | 76,132 |
| 2023 Total Businesses : | 374 | 2,212 | 7,808 |
| 2023 Average Household Income : | $ 82,353 | $ 91,359 | $ 98,985 |
| 2023 Total Consumer Spending : | $ 202 M | $ 2181 M | $ 5510 M |
| 2023 Median Age : | 42 | 39 | 39 |
| 2023 Total Households : | 2,800 | 27,451 | 64,140 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,172 | 13,462 | 32,531 |
| 2023 Average Home Value : | $ 262,205 | $ 299,979 | $ 328,209 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Wade Hampton Boulevard | Cherokee Dr | 2021 | 41,000 | 0.04 mi |
| Cherokee Drive | Yorkshire Dr | 2021 | 2,500 | 0.26 mi |
| Elaine Avenue | Ct St | 2021 | 1,150 | 0.41 mi |
| Hazel Dr | Brewster Dr | 2010 | 1,400 | 0.52 mi |
| E Lee Rd | Elberta St | 2018 | 8,100 | 0.54 mi |
| W Lee Rd | Bahan St | 2018 | 4,800 | 0.55 mi |
| Arundel Road | Yorkshire Dr | 2021 | 1,000 | 0.57 mi |
| East Lee Road | Tiffany Dr | 2021 | 9,500 | 0.59 mi |
| West Warehouse Court | Wynette Ave | 2021 | 1,200 | 0.65 mi |
| Arundel Road | Chantilly Dr | 2021 | 150 | 0.67 mi |
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Cap Rate 6.57%
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Cap Rate 7.00%
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Cap Rate 6.15%
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Cap Rate 6.75%
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R. Term 13.80 yrs
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Cap Rate 7.50%
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Cap Rate 6.65%
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Cincinnati, OH
Cap Rate 6.00%
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R. Term 14.00 yrs
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Rochester, MN
Cap Rate 7.06%
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R. Term 0.60 yrs
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Des Plaines, IL
Cap Rate 6.65%
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Cap Rate 5.70%
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
