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| Price $3,848,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 4.85% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
1,020
| Lease Start
04-25-2024
| #Units
38,038
|
| Price/SF $3,772.55 | Expiration
04-30-2034
| Tenant Type Fast Food/QSR |
| NOI $186,619 | R. Term 9.4 | Ownership Fee Simple |
| Rent/SF
$182.96
| Increases 10.0%/5/yrs | Pop 5Mi 227,400 |
| Lot/AC 0.45 | Options 4/5yrs/10% | AHHI 5Mi $83,873 |
| | |
Starbucks is strategically located on the hard corner intersection of E Highland Avenue and Eucalyptus Drive, with access to 27,100 vehicles passing by daily. The property is conveniently situated next to CA-210 (Foothill Freeway), which has a substantial traffic count of 115,000 VPD. The immediate vicinity is surrounded by well-known national tenants including Walgreens, CVS, Bank of America,...
...New construction
Roof guarantee
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Favorable NN+ lease
Traded and rated company
Investment grade tenant
Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 21,577 | 114,214 | 226,608 |
| 2024 Total Population : | 21,585 | 114,407 | 225,479 |
| 2024 Employed Civilian Pop : | 8,969 | 49,179 | 95,505 |
| 2024 Total Businesses : | 229 | 1,998 | 6,027 |
| 2024 Average Household Income : | $ 82,786 | $ 83,914 | $ 88,796 |
| 2024 Total Consumer Spending : | $ 450 M | $ 2458 M | $ 5196 M |
| 2024 Median Age : | 34 | 34 | 34 |
| 2024 Total Households : | 6,160 | 33,231 | 66,535 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,528 | 6,258 | 14,427 |
| 2024 Average Home Value : | $ 498,220 | $ 458,417 | $ 488,390 |
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Cap Rate 4.25%
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Size/SF 2,224
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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