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| Price $4,705,882 | Built/Renov 2023 | Tenant Chick-fil-A (GL) |
| Cap Rate 4.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,600
| Lease Start
11-01-2023
| #Units
2,806
|
| Price/SF $840.34 | Expiration
10-31-2043
| Tenant Type Fast Casual/Rest. |
| NOI $200,000 | R. Term 19.1 | Ownership Ground Lease |
| Rent/SF
$35.71
| Increases 10.0%/5/yrs | Pop 5Mi 128,885 |
| Lot/AC 1.05 | Options 8/5yrs/10% | AHHI 5Mi $142,904 |
| | |
Chick-fil-A is strategically located on Bridgeport Avenue, with access to 16,200 vehicles passing by daily. The property is exceptionally well-positioned at the heart of a busy retail, medical, and corporate office corridor along Bridgeport Avenue. Notable corporate tenants in the vicinity include Prudential Financial, CDW, United Healthcare, Robert Half, Barnum Financial Group, among others....
...New construction
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee
Chick-fil-A is one of the largest American fast food restaurant chains, and the largest specializing in chicken sandwiches. Chick-fil-A was first opened in 1946 in Atlanta, Georgia, under the name...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,985 | 34,333 | 128,390 |
| 2023 Total Population : | 2,995 | 34,801 | 129,373 |
| 2023 Employed Civilian Pop : | 1,515 | 17,944 | 67,753 |
| 2023 Total Businesses : | 636 | 1,919 | 5,324 |
| 2023 Average Household Income : | $ 134,553 | $ 152,718 | $ 137,911 |
| 2023 Total Consumer Spending : | $ 154 M | $ 1775 M | $ 5877 M |
| 2023 Median Age : | 48 | 51 | 46 |
| 2023 Total Households : | 1,351 | 13,790 | 50,446 |
| 2023 Pop Age 25+: Bachelor's Degree : | 661 | 7,603 | 24,847 |
| 2023 Average Home Value : | $ 479,994 | $ 450,036 | $ 411,608 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Bridgeport Avenue | Old Stratford Rd | 2020 | 13,900 | 0.07 mi |
| Commerce Drive | Progress Dr | 2020 | 8,500 | 0.36 mi |
| Armstrong Rd | 2018 | 31,800 | 0.37 mi | |
| General Samuel Jaskilka | Armstrong Rd | 2012 | 63,100 | 0.37 mi |
| Trap Falls Road | Research Dr | 2020 | 5,100 | 0.38 mi |
| Trap Falls Rd | Armstrong Rd | 2010 | 8,900 | 0.43 mi |
| Armstrong Rd | Trap Falls Rd | 2018 | 9,800 | 0.44 mi |
| Bridgeport Ave | Old Stratford Rd | 2018 | 3,900 | 0.46 mi |
| CT 8 | Armstrong Rd | 2021 | 31,400 | 0.46 mi |
| Old Stratford Rd | Gen Samuel Jaskilka Hwy | 2021 | 5,000 | 0.46 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
