Price $4,117,647 | Built/Renov 2023 | Tenant The Learning Experience |
Cap Rate 6.80% | Lease Type
NN+ | Guarantor Corporate |
Size/SF
10,000
| Lease Start
05-01-2023
| #Units
340
|
Price/SF $411.76 | Expiration
04-30-2043
| Tenant Type Child Care |
NOI $280,000 | R. Term 19.4 | Ownership Fee Simple |
Rent/SF
$28.00
| Increases 11.0%/5/yrs | Pop 5Mi 109,903 |
Lot/AC 1.05 | Options 2/5yrs/11% | AHHI 5Mi $109,482 |
| |
This newly constructed 10,000 square-foot property is situated on a 1.05-acre lot along West Smokey Row Road with access to 2,359 vehicles per day. The site benefits from its proximity to US Hwy 31 (24,750 VPD) and Interstate 65 (80,099 VPD). National/credit tenants in the area include Kroger, Lowe’s, Target, Walmart, Best Buy and more. Additionally, there are multiple schools in the...
...New construction
Near major nationals
Freeway close
Highway close
Dense 100M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Favorable NN+ lease
Corporate Guarantee
The Learning Experience is an early childcare chain that develops and implements ground-breaking care and early childhood education programs throughout the country. TLE is one of America’s fastest...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 2,136 | 42,441 | 114,572 |
2023 Total Population : | 2,145 | 41,796 | 111,690 |
2023 Employed Civilian Pop : | 1,121 | 21,453 | 59,531 |
2023 Total Businesses : | 45 | 593 | 2,592 |
2023 Average Household Income : | $ 149,363 | $ 129,921 | $ 115,675 |
2023 Total Consumer Spending : | $ 86 M | $ 1631 M | $ 4147 M |
2023 Median Age : | 39 | 38 | 39 |
2023 Total Households : | 686 | 14,682 | 41,709 |
2023 Pop Age 25+: Bachelor's Degree : | 452 | 7,958 | 19,157 |
2023 Average Home Value : | $ 450,309 | $ 325,243 | $ 287,846 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
County Road 600 North | Honeycreek Rd | 2021 | 3,518 | 0.02 mi |
Local | Honeycreek Rd | 2020 | 3,306 | 0.02 mi |
Smokey Row Rd | State Rd 135 | 2018 | 2,481 | 0.34 mi |
Honeycreek Rd | Smokey Row Rd | 2019 | 6,114 | 0.53 mi |
Honeycreek Road | Smokey Row Rd | 2021 | 5,745 | 0.53 mi |
County Road 600 North | Honeycreek Rd | 2021 | 4,922 | 0.63 mi |
Smokey Row Rd | Tremont Dr | 2006 | 1,712 | 0.67 mi |
Honeycreek Road | Smokey Row Rd | 2018 | 3,210 | 0.69 mi |
County Road 300 W | Clary Blvd Dr S | 2018 | 19,384 | 0.71 mi |
Honeycreek Road | Stone Ridge Ct | 2018 | 7,631 | 0.80 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]