| Price $5,238,889 | Built/Renov 1976/1987 | Tenant Divert |
| Cap Rate 6.75% | Lease Type
Double NN | Guarantor Corporate |
| Size/SF
57,500
| Lease Start
08-01-2023
| #Units
20
|
| Price/SF $91.11 | Expiration
10-31-2028
| Tenant Type Industrial |
| NOI $353,625 | R. Term 4.5 | Ownership Fee Simple |
| Rent/SF
$6.15
| Increases 3.8%/1/yrs | Pop 5Mi 132,230 |
| Lot/AC 4.01 | Options 1/5yrs | AHHI 5Mi $98,660 |
| | |
Divert is strategically located on the hard corner intersection of Kimwell Drive and Empire Drive, with access to 34,500 vehicles passing by daily. This advantageous location seamlessly connects to Interstate 40, boasting a substantial traffic count of 128,000 VPD, facilitating direct access to Durham and Raleigh. The property is situated within Stratford Industrial Park, featuring neighboring...
...Build to suit
New roof
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Brand new lease
Below Market Rent
Annual rent increases
Corporate Guarantee
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,140 | 46,307 | 135,163 |
| 2023 Total Population : | 4,961 | 46,028 | 132,230 |
| 2023 Employed Civilian Pop : | 2,495 | 23,047 | 64,690 |
| 2023 Total Businesses : | 288 | 2,403 | 5,578 |
| 2023 Average Household Income : | $ 87,783 | $ 76,074 | $ 98,660 |
| 2023 Total Consumer Spending : | $ 169 M | $ 1377 M | $ 4934 M |
| 2023 Median Age : | 38 | 38 | 40 |
| 2023 Total Households : | 2,228 | 20,781 | 57,895 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,045 | 7,615 | 24,407 |
| 2023 Average Home Value : | $ 263,556 | $ 250,115 | $ 290,354 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Kimwell Drive | 2019 | 3,900 | 0.28 mi | |
| Somerset Drive | 2019 | 5,300 | 0.46 mi | |
| Somerset Dr | Hillcrest Center Cir | 2003 | 2,400 | 0.48 mi |
| Jonestown Road | Huntington Woods Dr | 2019 | 6,300 | 0.83 mi |
| South Stratford Road | 2019 | 22,500 | 0.87 mi | |
| South Stratford Road | Stratford Crossing Dr | 2021 | 17,000 | 0.88 mi |
| Griffith Road | Spaugh Industrial Dr | 2019 | 5,600 | 0.91 mi |
| West Clemmonsville Road | Griffith Rd | 2019 | 13,500 | 0.95 mi |
| S Stratford Rd | W Clemmonsville Rd | 2003 | 16,000 | 0.97 mi |
| South Stratford Road | Atwood Rd | 2021 | 27,000 | 1.11 mi |
Johnstown, PA
Cap Rate 7.00%
Lease Modified Gross
R. Term 7.20 yrs
Size/SF 19,200
Houston, TX
Cap Rate 7.65%
Lease NN+
R. Term 3.10 yrs
Size/SF 25,000
Starkville, MS
Cap Rate 6.25%
Lease Double NN
R. Term 6.11 yrs
Size/SF 50,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
