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| Price $5,800,000 $6,120,000 | Built/Renov 2000/2023 | Tenant 76 Gas Station |
| Cap Rate 6.59% 6.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,046
| Lease Start
05-01-2023
| #Units
1,989
|
| Price/SF $2,834.80 $2,991.20 | Expiration
05-01-2043
| Tenant Type Convenience/Gas |
| NOI $382,500 | R. Term 17.11 | Ownership Fee Simple |
| Rent/SF
$186.95
| Increases 3.0%/1/yrs | Pop 5Mi 344,191 |
| Lot/AC 1.00 | Options 4/20yrs/3% | AHHI 5Mi $119,464 |
| | |
This newly renovated 76 Gas Station property is ideally situated at the hard corner signalized intersection of W Ray Road and S Cooper Road, averaging a combined 57,000 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage in an ideal retail corridor with numerous national and regional tenants nearby, including Walmart Neighborhood Market,...
...Recent renovation
High traffic 50M+ VPD
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
Founded in 1932, 76 is a chain of gas stations located within the United States. The company operates under the tag line “We’re on the Driver’s Side”, and takes pride in being the cleanest chain...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 15,909 | 140,269 | 353,049 |
| 2023 Total Population : | 16,097 | 137,590 | 346,872 |
| 2023 Employed Civilian Pop : | 9,414 | 73,896 | 189,759 |
| 2023 Total Businesses : | 327 | 3,997 | 10,753 |
| 2023 Average Household Income : | $ 140,582 | $ 120,250 | $ 126,565 |
| 2023 Total Consumer Spending : | $ 676 M | $ 5197 M | $ 13853 M |
| 2023 Median Age : | 39 | 35 | 35 |
| 2023 Total Households : | 5,680 | 50,125 | 127,124 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,451 | 24,899 | 66,739 |
| 2023 Average Home Value : | $ 450,536 | $ 427,222 | $ 454,695 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Cooper Rd | W Ray Rd | 2004 | 24,206 | 0.06 mi |
| W Ray Rd | S Quail Ln | 2004 | 19,748 | 0.06 mi |
| South Cooper Road | N Soho Pl | 2019 | 13,200 | 0.08 mi |
| West Ray Road | S Quail Ln | 2019 | 11,700 | 0.08 mi |
| South Cooper Road | E Ray Rd | 2019 | 14,800 | 0.08 mi |
| East Ray Road | N Cooper Rd | 2019 | 13,000 | 0.12 mi |
| N Cooper Rd | W Orange Dr | 2011 | 21,409 | 0.13 mi |
| E Ray Rd | N Edith Dr | 2011 | 16,767 | 0.14 mi |
| W Ray Rd | S 131st St | 2015 | 21,613 | 0.31 mi |
| East Ray Road | N Cambridge St | 2018 | 19,929 | 0.42 mi |
Visalia, CA
Cap Rate 6.00%
Lease Abs NNN
R. Term 16.10 yrs
Size/SF 3,204
Orangeburg, SC
Cap Rate 5.50%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 4,050
Hollywood, FL
Cap Rate 7.00%
Lease Abs NNN
R. Term 20.80 yrs
Size/SF 1,207
Minneapolis, MN
Cap Rate 6.40%
Lease Abs NNN
R. Term 4.40 yrs
Size/SF 38,297
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
