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| Price $2,956,468 | Built/Renov 2023 | Tenant Popshelf |
| Cap Rate 6.40% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,998
| Lease Start
10-01-2023
| #Units
216
|
| Price/SF $295.71 | Expiration
09-30-2038
| Tenant Type Dollar/Discount |
| NOI $189,214 | R. Term 13.9 | Ownership Fee Simple |
| Rent/SF
$18.93
| Increases 10.0%/15/yrs | Pop 5Mi 32,231 |
| Lot/AC 6.40 | Options 4/5yrs/10% | AHHI 5Mi $78,218 |
| | |
Popshelf is strategically located on Conestoga Parkway, with access to 10,777 vehicles passing by daily. Positioned just off I-65, the property enjoys access to a high traffic count of 92,795 VPD. Its prime location places it directly across from Walmart, a destination drawing 1.9 million visitors annually, and adjacent to a Dollar Tree, which consistently performs in the top one-third of its...
...New construction
Dense retail corridor
Near major nationals
Freeway visibility
Top 100 MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant
PopShelf is an upscale Dollar General retail concept focusing on non-consumable categories such as seasonal and home décor, health and beauty, home cleaning supplies, and party and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,506 | 20,161 | 32,660 |
| 2023 Total Population : | 5,278 | 19,497 | 31,890 |
| 2023 Employed Civilian Pop : | 2,645 | 9,285 | 15,127 |
| 2023 Total Businesses : | 412 | 716 | 1,108 |
| 2023 Average Household Income : | $ 76,064 | $ 74,784 | $ 80,598 |
| 2023 Total Consumer Spending : | $ 141 M | $ 491 M | $ 867 M |
| 2023 Median Age : | 37 | 36 | 40 |
| 2023 Total Households : | 2,133 | 7,558 | 12,434 |
| 2023 Pop Age 25+: Bachelor's Degree : | 437 | 1,544 | 2,473 |
| 2023 Average Home Value : | $ 219,325 | $ 210,734 | $ 229,917 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 2015 | 3,347 | 0.28 mi | ||
| 2014 | 5,982 | 0.30 mi | ||
| Adam Shepherd Pkwy | N Buckman St | 2012 | 14,098 | 0.32 mi |
| North Buckman Street | Bishop Ln | 2021 | 12,418 | 0.33 mi |
| E 4th St | Lakeview Dr | 2010 | 22,900 | 0.33 mi |
| Highway 44 East | High School | 2022 | 20,942 | 0.36 mi |
| E 4th St | Centerview Dr | 2015 | 21,363 | 0.37 mi |
| 2014 | 3,623 | 0.45 mi | ||
| 2014 | 3,623 | 0.48 mi | ||
| 2014 | 5,531 | 0.48 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
