| Price $2,444,000 | Built/Renov 2020 | Tenant Chick-fil-A (GL) |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,993
| Lease Start
10-01-2020
| #Units
2,806
|
| Price/SF $489.49 | Expiration
10-31-2040
| Tenant Type Fast Casual/Rest. |
| NOI $110,000 | R. Term 16.5 | Ownership Ground Lease |
| Rent/SF
$22.03
| Increases 10.0%/3/yrs | Pop 5Mi 81,992 |
| Lot/AC 0.84 | Options 6/5yrs/10% | AHHI 5Mi $104,692 |
| | |
Chick-fil-A is strategically located at the signalized, hard-corner intersection of Center Road and Brunswick Lake Parkway, averaging a combined 39,500 vehicles passing by daily. The site benefits from direct on/off ramp access to Interstate 71, a major thoroughfare serving the region averaging 56,000 vehicles per day. Furthermore, the subject property is in the heart of a dense retail...
...Chick-fil-A is one of the largest American fast food restaurant chains, and the largest specializing in chicken sandwiches . Chick-fil-A was first opened in 1946 in Atlanta, Georgia,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 7,676 | 45,948 | 82,061 |
| 2022 Total Population : | 7,542 | 45,469 | 82,030 |
| 2022 Employed Civilian Pop : | 4,082 | 24,486 | 43,635 |
| 2022 Total Businesses : | 323 | 1,237 | 2,145 |
| 2022 Average Household Income : | $ 96,609 | $ 102,970 | $ 115,975 |
| 2022 Total Consumer Spending : | $ 271 M | $ 1572 M | $ 3121 M |
| 2022 Median Age : | 40 | 42 | 43 |
| 2022 Total Households : | 3,288 | 18,001 | 31,975 |
| 2022 Pop Age 25+: Bachelor's Degree : | 1,023 | 7,094 | 15,315 |
| 2022 Average Home Value : | $ 197,895 | $ 238,315 | $ 268,875 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Center Rd | Carpenter Rd N | 2006 | 37,870 | 0.05 mi |
| Brunswick Lake Pkwy | Sandlewood Dr | 2005 | 2,797 | 0.12 mi |
| Old Eagle Dr | Center Rd | 2005 | 1,935 | 0.12 mi |
| Town Center Blvd | 2006 | 2,731 | 0.13 mi | |
| Carpenter Rd N | Nottingham Dr | 2015 | 9,954 | 0.20 mi |
| Center Rd | Parschen Pkwy | 2006 | 34,447 | 0.20 mi |
| Center Rd | Carpenter Rd N | 2007 | 39,500 | 0.27 mi |
| Center Rd | Warren Dr | 2007 | 30,300 | 0.46 mi |
| Center Rd | Carpenter Rd S | 2016 | 39,739 | 0.50 mi |
| Carpenter Rd S | Pinecrest Dr | 2015 | 7,772 | 0.50 mi |
Erie, PA
Cap Rate 4.26%
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Cap Rate 5.50%
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Cap Rate 5.00%
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R. Term 14.20 yrs
Size/SF 5,282
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
