Sold Subscription Required
| Price $4,370,000 | Built/Renov 1978/2019 | Tenant Vons |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
40,000
| Lease Start
02-25-1981
| #Units
195
|
| Price/SF $109.25 | Expiration
02-28-2031
| Tenant Type Grocery |
| NOI $306,053 | R. Term 6.2 | Ownership Fee Simple |
| Rent/SF
$7.65
| Increases 0.0%/0/yrs | Pop 5Mi 25,610 |
| Lot/AC 3.03 | Options 3/5yrs | AHHI 5Mi $81,227 |
| | |
Vons is strategically located on Palms Highway, with access to 29,500 vehicles passing by daily. The property has been an anchor tenant of the Joshua Village Shopping Center for over 43 years. Nearby well-known national retailers include ALDI, Grocery Outlet, Stater Bros. Markets, Walgreens, Rite Aid, Tractor Supply Co., Starbucks, and more. The 5-mile trade area supports a population of...
...Oversized lot
In location for years
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Vons Grocery is a Southern C alifornia and Southern Nevada supermarket chain. Founded in 1906 when the first location opened in a 20-foot-wide store in Los Angeles, CA, the...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 3,461 | 19,219 | 25,899 |
| 2024 Total Population : | 3,514 | 19,327 | 26,003 |
| 2024 Employed Civilian Pop : | 1,322 | 7,437 | 10,258 |
| 2024 Total Businesses : | 366 | 843 | 971 |
| 2024 Average Household Income : | $ 82,599 | $ 86,129 | $ 85,560 |
| 2024 Total Consumer Spending : | $ 111 M | $ 597 M | $ 815 M |
| 2024 Median Age : | 41 | 43 | 44 |
| 2024 Total Households : | 1,496 | 7,828 | 10,744 |
| 2024 Pop Age 25+: Bachelor's Degree : | 356 | 1,927 | 2,870 |
| 2024 Average Home Value : | $ 342,363 | $ 415,360 | $ 393,649 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
