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| Price $7,035,550 | Built/Renov 2009/2018 | Tenant Zips Car Wash |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,578
| Lease Start
12-01-2018
| #Units
235
|
| Price/SF $1,536.82 | Expiration
11-30-2038
| Tenant Type Automotive |
| NOI $422,133 | R. Term 14.0 | Ownership Fee Simple |
| Rent/SF
$92.21
| Increases 1.5%/1/yrs | Pop 5Mi 88,968 |
| Lot/AC 1.11 | Options 6/5yrs/1.5% | AHHI 5Mi $76,996 |
| | |
The 4,578 square foot building is strategically located along Challenger Avenue which sees over 35,000 vehicles per day. The subject property benefits from its location as a Kroger outparcel. Other nearby retailers include Walmart Supercenter, Lowe’s Home Improvement, CVS, Valvoline, Firestone, Chick-Fil-A, Applebee’s, Sonic Drive-In, Starbucks, Chipotle, Tropical Smoothie Café, and...
...Build to suit
Major thoroughfare
Dense retail corridor
Shopping Ctr out-parcel
Strong tenant synergy
Major MSA
Long 15+ yr lease
Absolute NNN
Annual rent increases
Over 100 Units backed
Zips Car Wash is the fastest growing car wash company in the United States. They have over 235 locations in 24 states throughout the Southeastern and Central U.S. with approximately 1,600...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 4,157 | 30,398 | 88,810 |
| 2022 Total Population : | 4,099 | 30,368 | 88,968 |
| 2022 Employed Civilian Pop : | 2,146 | 15,348 | 42,713 |
| 2022 Total Businesses : | 142 | 871 | 3,843 |
| 2022 Average Household Income : | $ 116,993 | $ 89,056 | $ 76,996 |
| 2022 Total Consumer Spending : | $ 159 M | $ 975 M | $ 2487 M |
| 2022 Median Age : | 45 | 42 | 42 |
| 2022 Total Households : | 1,625 | 12,793 | 37,459 |
| 2022 Pop Age 25+: Bachelor's Degree : | 870 | 4,053 | 9,399 |
| 2022 Average Home Value : | $ 323,417 | $ 266,408 | $ 240,947 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Challenger Ave NE | Carson Rd | 2016 | 35,000 | 0.06 mi |
| 2013 | 5,800 | 0.10 mi | ||
| 2013 | 1,100 | 0.12 mi | ||
| Challenger Ave NE | Carson Rd | 2016 | 35,000 | 0.22 mi |
| Challenger Avenue Northeast | Carson Rd | 2018 | 35,000 | 0.22 mi |
| Challenger Avenue Northeast | Challenger Ave NE | 2018 | 35,000 | 0.23 mi |
| W Ruritan Rd | Blue View Dr | 2015 | 2,700 | 0.27 mi |
| W Ruritan Rd | Blue View Dr | 2015 | 2,500 | 0.34 mi |
| Carson Rd | Lake Back O Beyond Dr | 2016 | 1,900 | 0.41 mi |
| Carson Road | Lake Back O Beyond Dr | 2018 | 2,400 | 0.41 mi |
Roanoke, VA
Cap Rate 6.75%
Lease Abs NNN
R. Term 14.00 yrs
Size/SF 4,578
Hobart, IN
Cap Rate 5.50%
Lease Double NN
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Size/SF 42,097
Roanoke, VA
Cap Rate 6.75%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 4,578
Chicago, IL
Cap Rate 5.45%
Lease Abs NNN
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Size/SF 23,000
Lake Worth Beach, FL
Cap Rate 6.25%
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Hialeah Gardens, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 20.20 yrs
Size/SF 3,824
Oceanside, CA
Cap Rate 6.25%
Lease Abs NNN
R. Term 20.20 yrs
Size/SF 4,195
Fort Lauderdale, FL
Cap Rate 6.00%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 2,688
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
