Sold Subscription Required
| Price $1,615,000 | Built/Renov 1974/2022 | Tenant Sunbelt Rentals |
| Cap Rate 5.60% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
15,200
| Lease Start
01-01-2022
| #Units
1,398
|
| Price/SF $106.25 | Expiration
12-31-2029
| Tenant Type Industrial |
| NOI $90,360 | R. Term 4.8 | Ownership Fee Simple |
| Rent/SF
$5.94
| Increases 2.0%/1/yrs | Pop 5Mi 66,022 |
| Lot/AC 3.06 | Options 3/5yrs/2% | AHHI 5Mi $63,503 |
| | |
The subject property is positioned just on a large 3.06 acre parcel on Vimy Ridge Rd. (11,000 VPD). It is located just off the Interstate 30 corridor (98,000 VPD) and next to a new Amazon distribution center. The immediate neighborhood consists of light industrial as well as Arkansas’s only outlet mall and Bass Pro Shops. The site benefits from roughly 63,500 residents within a 5-mile radius,...
...Recent renovation
High traffic 50M+ VPD
Near major nationals
Strategically located
Freeway visibility
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Investment grade tenant
Ashtead (LSE: AHT) is an international equipment rental company, trading under the Sunbelt Rentals brand, with national networks in the U.S., Canada, and the UK. They are the second largest...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,357 | 28,598 | 68,729 |
| 2023 Total Population : | 1,210 | 27,322 | 66,272 |
| 2023 Employed Civilian Pop : | 687 | 13,693 | 33,422 |
| 2023 Total Businesses : | 98 | 726 | 1,838 |
| 2023 Average Household Income : | $ 79,881 | $ 76,018 | $ 77,377 |
| 2023 Total Consumer Spending : | $ 37 M | $ 723 M | $ 1736 M |
| 2023 Median Age : | 41 | 36 | 36 |
| 2023 Total Households : | 545 | 10,919 | 25,768 |
| 2023 Pop Age 25+: Bachelor's Degree : | 188 | 3,642 | 8,200 |
| 2023 Average Home Value : | $ 245,552 | $ 209,523 | $ 214,131 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Vimy Ridge Road | Alexander Rd | 2021 | 12,000 | 0.12 mi |
| 30 | Frontage Rd | 2021 | 7,400 | 0.25 mi |
| 30 | Vimy Ridge Rd | 2021 | 4,900 | 0.33 mi |
| Vimy Ridge Road | Frontage Rd | 2021 | 7,400 | 0.37 mi |
| Alexander Road | Village Dr | 2021 | 2,400 | 0.45 mi |
| I- 30 | Vimy Ridge Rd | 2017 | 98,000 | 0.52 mi |
| I-30 Frontage Road | Otter Creek Rd S | 2021 | 7,800 | 0.52 mi |
| I-30 Frontage Road | Otter Creek Rd S | 2021 | 13,000 | 0.53 mi |
| 30 | Frontage Rd | 2021 | 4,200 | 0.64 mi |
| 30 | 2020 | 3,900 | 0.64 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
