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| Price $9,721,000 | Built/Renov 2023 | Tenant La-Z-Boy |
| Cap Rate 5.25% | Lease Type
NN+ | Guarantor Corp Traded |
| Size/SF
17,300
| Lease Start
08-17-2023
| #Units
346
|
| Price/SF $561.91 | Expiration
08-31-2034
| Tenant Type General Retail |
| NOI $510,350 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$29.50
| Increases 10.0%/7/yrs | Pop 5Mi 59,775 |
| Lot/AC 2.30 | Options 6/5yrs/10% | AHHI 5Mi $128,792 |
| | |
La-Z-Boy is positioned with excellent visibility along Highway 111 which boasts 72,450+ vehicles passing by daily. The property has direct access from two public roads and cross-access with the adjacent property. This is a superb retail corridor location, just a few blocks from the Desert Crossing shopping center, a 518,237 SF retail power center anchored by Target, Best Buy, T.J. Maxx, Bed...
...New construction
Roof guarantee
High traffic 50M+ VPD
Dense retail corridor
Highway location
Affluent AHHI $100K 5 Mi
Brand new lease
Favorable NN+ lease
Corporate Guarantee
Publicly traded company
La-Z-Boy Inc., (pronounced “lazy boy”) (NYSE: LZB) is an American furniture manufacturer that makes home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,450 | 37,777 | 71,244 |
| 2023 Total Population : | 3,460 | 37,553 | 70,112 |
| 2023 Employed Civilian Pop : | 1,448 | 15,559 | 28,350 |
| 2023 Total Businesses : | 799 | 3,476 | 5,624 |
| 2023 Average Household Income : | $ 108,216 | $ 115,144 | $ 129,871 |
| 2023 Total Consumer Spending : | $ 164 M | $ 1833 M | $ 3869 M |
| 2023 Median Age : | 54 | 61 | 62 |
| 2023 Total Households : | 1,789 | 18,456 | 34,589 |
| 2023 Pop Age 25+: Bachelor's Degree : | 643 | 8,230 | 15,514 |
| 2023 Average Home Value : | $ 713,246 | $ 615,903 | $ 683,019 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Highway 111 | Desert Dr | 2017 | 40,415 | 0.08 mi |
| State Hwy 111 | Magnesia Falls Dr | 2010 | 42,490 | 0.15 mi |
| Hwy 111 | Parkview Dr | 2012 | 33,000 | 0.17 mi |
| Parkview Dr | Hwy 111 | 2006 | 3,016 | 0.22 mi |
| Parkview Dr | Hwy 111 | 2006 | 1,880 | 0.25 mi |
| Hwy 111 | Parkview Dr | 2006 | 37,996 | 0.27 mi |
| Highway 111 | Ocotillo Dr | 2017 | 38,241 | 0.34 mi |
| Highway 111 | Fred Waring Dr | 2017 | 46,336 | 0.35 mi |
| Hwy 111 | Fred Waring Dr | 2010 | 39,795 | 0.37 mi |
| Bob Hope Drive | Hwy 111 | 2017 | 19,808 | 0.38 mi |
Ceres, CA
Cap Rate 5.75%
Lease NN+
R. Term 19.10 yrs
Size/SF 21,702
Chicago, IL
Cap Rate 5.45%
Lease Double NN
R. Term 8.80 yrs
Size/SF 9,017
Alhambra, CA
Cap Rate 5.15%
Lease NN+
R. Term 11.00 yrs
Size/SF 28,502
Lancaster, CA
Cap Rate 5.15%
Lease NN+
R. Term 14.10 yrs
Size/SF 21,702
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
