Price $5,141,000 | Built/Renov 2023 | Tenant Chipotle |
Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
Size/SF
2,462
| Lease Start
06-01-2023
| #Units
3,224
|
Price/SF $2,088.14 | Expiration
06-01-2038
| Tenant Type Fast Casual/Rest. |
NOI $205,626 | R. Term 14.5 | Ownership Fee Simple |
Rent/SF
$83.52
| Increases 10.0%/5/yrs | Pop 5Mi 424,997 |
Lot/AC 0.91 | Options 4/5yrs/10% | AHHI 5Mi $85,537 |
| |
This newly constructed Chipotle is located near the signalized, hard corner intersection of State Road 7 and Atlantic Boulevard, averaging more than 114,000 combined vehicles passing by daily and is less than 2 miles West of the Florida’s Turnpike Which sees 105,700 vehicles per day. The site is positioned as an outparcel to a 153k+ SF Walmart Supercenter and is adjacent to Lakewood Shopping...
...New construction
High traffic 50M+ VPD
Major thoroughfare
WalMart out-parcel
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Publicly traded company
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 18,052 | 183,209 | 433,265 |
2023 Total Population : | 18,185 | 182,337 | 425,831 |
2023 Employed Civilian Pop : | 10,446 | 100,805 | 228,977 |
2023 Total Businesses : | 1,124 | 7,089 | 25,557 |
2023 Average Household Income : | $ 73,893 | $ 79,533 | $ 84,598 |
2023 Total Consumer Spending : | $ 425 M | $ 4990 M | $ 11948 M |
2023 Median Age : | 40 | 43 | 42 |
2023 Total Households : | 6,596 | 72,097 | 162,757 |
2023 Pop Age 25+: Bachelor's Degree : | 2,439 | 26,537 | 63,378 |
2023 Average Home Value : | $ 314,701 | $ 299,098 | $ 339,563 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
W Atlantic Blvd | E Palm Dr | 2008 | 49,000 | 0.10 mi |
W Atlantic Blvd | NW 61st Ave | 2008 | 50,000 | 0.19 mi |
US Hwy 441 | NW 3rd St | 2008 | 61,500 | 0.22 mi |
State Road 7 | Hwy 441 | 2021 | 53,500 | 0.26 mi |
State Road 7 | PkDr | 2021 | 52,500 | 0.33 mi |
Margate Boulevard | Hwy 441 | 2021 | 5,500 | 0.43 mi |
US Hwy 441 | Seton Dr | 2009 | 50,965 | 0.50 mi |
West Atlantic Boulevard | Banks Rd | 2021 | 46,500 | 0.55 mi |
Margate Blvd | E River Dr | 2008 | 6,600 | 0.56 mi |
US Hwy 441 | Southgate Blvd | 2009 | 45,500 | 0.58 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]