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Views: 152 DOM: 507 Updated: 06.16.24 Posted: 08.02.23 Status: Active

Summary

Price $3,250,000
Built/Renov 2023
Tenant Cafe Zupas
Cap Rate 4.61%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,658
Lease Start 10-15-2022
#Units 55
Price/SF $888.46
Expiration 10-31-2037
Tenant Type Fast Casual/Rest.
NOI $149,978
R. Term 12.10
Ownership Fee Simple
Rent/SF $41.00
Increases 10.0%/5/yrs
Pop 5Mi 331,961
Lot/AC 0.32
Options 2/5yrs/10%
AHHI 5Mi $110,879

Lease Highlights

  • Brand new 2023 construction
  • Cafe Zupas recently signed a brand new 15-year lease with 2 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Cafe Zupas, L.C.

Location Description

This newly constructed Cafe Zupas is strategically located along Blue Diamond Road with access to 62,500 vehicles per day. The asset benefits from nearby direct on/off ramp access to Interstate 15 (151,000 VPD), making this an ideal, centralized location with easy commutes. The site is ideally positioned as an outparcel at Blue Diamond Ranch Center, a 172,000 SF Albertsons anchored center....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Cafe Zupas
  • Guarantor:Corporate
  • Company:Cafe Zupas, L.C.
  • # Units:55
  • Stock:Private

About Tenant

Café Zupas, L.C. (dba Café Zupa) is a private company that owns and operates a fast casual restaurant chain. They prepare their food on-site, and in-site daily, with fresh...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,973 115,832 350,539
2023 Total Population : 9,732 109,679 331,961
2023 Employed Civilian Pop : 5,260 59,319 175,209
2023 Total Businesses : 272 3,341 11,196
2023 Average Household Income : $ 131,908 $ 117,622 $ 110,879
2023 Total Consumer Spending : $ 355 M $ 4095 M $ 11903 M
2023 Median Age : 35 36 36
2023 Total Households : 3,113 40,225 124,108
2023 Pop Age 25+: Bachelor's Degree : 1,542 19,519 57,390
2023 Average Home Value : $ 506,213 $ 499,353 $ 465,965
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Decatur Blvd Blue Diamond Rd 2005 10,000 0.24 mi
South Decatur Boulevard W Raven Ave 2021 13,000 0.46 mi
West Pebble Road S Timber Mesa St 2021 1,250 0.46 mi
Arville Street W Shelbourne Ave 2021 3,350 0.50 mi
Blue Diamond Rd S Schirlls St 2016 56,000 0.51 mi
South Lindell Road W Raven Ave 2021 970 0.75 mi
West Windmill Lane Hinson St 2021 2,000 0.78 mi
Blue Diamond Rd S Hinson St 2017 58,000 0.81 mi
Blue Diamond Road S Hinson St 2021 60,000 0.82 mi
Blue Diamond Road Westwind Rd 2021 62,500 0.83 mi

Listing Broker

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