| Price $8,670,000 | Built/Renov 1970/2023 | Tenant Sprouts Farmers Market |
| Cap Rate 5.50% | Lease Type
NN+ | Guarantor Corp Traded |
| Size/SF
23,256
| Lease Start
08-18-2023
| #Units
380
|
| Price/SF $372.81 | Expiration
08-31-2038
| Tenant Type Grocery |
| NOI $476,748 | R. Term 14.3 | Ownership Fee Simple |
| Rent/SF
$20.50
| Increases 4.8%/4/yrs | Pop 5Mi 268,321 |
| Lot/AC 2.55 | Options 4/5yrs/4.5% | AHHI 5Mi $89,004 |
| | |
Sprouts Farmers Market is strategically located at the signalized, hard corner intersection of 66th Street N and 46th Avenue N, which has a combined daily traffic count of 48,000 vehicles. The property holds a prominent location, being just half a mile from HCA Florida St Petersburg Hospital, a 215-bed facility, and Hollins High School with a student enrollment of 1,700 students. In the...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
Publicly traded company
Sprouts Farmers Market, Inc., is a supermarket chain that offers a wide selection of natural and organic foods that are minimally processed and free of artificial flavors, colors, preservatives,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 15,841 | 109,234 | 269,612 |
| 2023 Total Population : | 16,153 | 110,425 | 271,716 |
| 2023 Employed Civilian Pop : | 8,261 | 57,559 | 136,999 |
| 2023 Total Businesses : | 542 | 5,114 | 13,725 |
| 2023 Average Household Income : | $ 78,905 | $ 83,307 | $ 89,305 |
| 2023 Total Consumer Spending : | $ 465 M | $ 3497 M | $ 9671 M |
| 2023 Median Age : | 47 | 47 | 49 |
| 2023 Total Households : | 6,769 | 48,250 | 124,574 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,368 | 18,132 | 46,240 |
| 2023 Average Home Value : | $ 295,304 | $ 315,667 | $ 344,767 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 43rd Ave N | 66th St | 2011 | 43,498 | 0.16 mi |
| 38th Ave N | 66th St | 2011 | 21,427 | 0.46 mi |
| 46th Ave N | 69th St | 2011 | 7,125 | 0.51 mi |
| 46th Avenue North | 61st Ln N | 2022 | 5,900 | 0.52 mi |
| 54th Ave N | 66th St | 2011 | 17,057 | 0.59 mi |
| 54th Ave N | 68th St N | 2011 | 21,182 | 0.66 mi |
| 71st Street North | 54th Ave N | 2022 | 7,700 | 0.67 mi |
| 71st Street North | 50th Ave N | 2021 | 7,700 | 0.67 mi |
| 71st St N | 51st Ave N | 2011 | 7,600 | 0.68 mi |
| 66th Street North | 13th Ave N | 2022 | 42,000 | 0.76 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
