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| Price $1,295,000 | Built/Renov 1981 | Tenant Village Inn |
| Cap Rate 7.25% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
5,479
| Lease Start
03-10-1981
| #Units
116
|
| Price/SF $236.36 | Expiration
03-31-2025
| Tenant Type Casual Dining |
| NOI $93,888 | R. Term 0.0 | Ownership Fee Simple |
| Rent/SF
$17.14
| Increases 10.0%/1/yrs | Pop 5Mi 164,547 |
| Lot/AC 1.03 | Options 4/5yrs/10% | AHHI 5Mi $196,233 |
| | |
Village Inn is strategically located at the signalized, hard corner intersection of 1st Street A and 19th Avenue, with access to a combined daily traffic count of 12,700 vehicles. This prime location ranks in the top 10% nationally (Placer.ai) with a strong historical sales and operating history. Additionally, the property is surrounded by well-known national tenants including O'Reilly,...
...Build to suit
In location for years
Dense retail corridor
Near major nationals
Strong demographics
Major MSA
Village Inn is a casual dining chain that was originally known for their made-from-scratch buttermilk pancakes. Established in 1958, the first location opened its doors in Denver, Colorado. Since...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 14,592 | 66,997 | 159,909 |
| 2024 Total Population : | 15,126 | 68,789 | 162,689 |
| 2024 Employed Civilian Pop : | 7,793 | 33,836 | 80,829 |
| 2024 Total Businesses : | 254 | 3,174 | 6,670 |
| 2024 Average Household Income : | $ 77,141 | $ 79,148 | $ 80,029 |
| 2024 Total Consumer Spending : | $ 456 M | $ 2091 M | $ 4984 M |
| 2024 Median Age : | 40 | 39 | 39 |
| 2024 Total Households : | 6,662 | 29,715 | 70,209 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,839 | 8,075 | 20,641 |
| 2024 Average Home Value : | $ 147,083 | $ 180,020 | $ 190,502 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 19th Ave | 1st St | 2004 | 15,300 | 0.11 mi |
| 19th Ave | 1st StA | 2004 | 15,300 | 0.11 mi |
| 18th Ave | 46th St | 2010 | 15,500 | 0.14 mi |
| 19th Avenue | 2nd St | 2018 | 15,000 | 0.15 mi |
| 18th Ave | 44th St | 2004 | 15,300 | 0.21 mi |
| 18th Ave | 44th St | 2004 | 15,600 | 0.25 mi |
| 44th St | 22nd Ave | 2010 | 750 | 0.26 mi |
| 45th St | 23rd Ave | 2004 | 700 | 0.29 mi |
| 19th Ave | 4th St | 2010 | 14,600 | 0.30 mi |
| 23rd Ave | 44th St | 2010 | 750 | 0.31 mi |
Edward Kemp is a Director of Investment Sales in the Tampa Office of RIPCO Real Estate. He specializes in the sale and advisory of retail assets throughout the country, with a primary focus on the acquisition and disposition of single tenant net leased properties. Mr. Kemp has over 7 years of experience in commercial real estate and has transacted in 18 states. Edward entered the commercial real estate industry as a research associate with CoStar Group in 2016, focusing on data management an
...Ari Ravi joined RIPCO Real Estate Services in December 2022 with a focus on investment sales for multi-tenant and single-tenant assets. Ari entered the commercial real estate industry with Prudential Commercial Real Estate FL in 2008 specializing in sales and leasing for office and retail buildings in the Tampa Bay MSA. From 2013-2019 at Marcus & Millichap, Ravi was an investment sales agent before moving into a Regional Manager position overseeing the Tampa office until 2019, where he
...Nathan Timmons is an Associate with the RIPCO retail investment sales team in Tampa, FL. He primarily focuses on multi-tenant retail centers throughout Florida, including Tampa, Orlando, Jacksonville, and the Panhandle. Before becoming an Associate, he was responsible for overseeing the financial underwriting, research, and analysis of multi-tenant and single tenant retail properties mostly in the state of Florida for the team. Over his career he has taken part in the underwriting and valuat
...Westampton, NJ
Cap Rate 6.50%
Lease Abs NNN
R. Term 13.00 yrs
Size/SF 2,858
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: support@net-trade.com
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