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| Price $2,421,000 | Built/Renov 1992 | Tenant Wells Fargo (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,489
| Lease Start
03-03-1992
| #Units
4,000
|
| Price/SF $539.32 | Expiration
02-28-2027
| Tenant Type Bank/Financial |
| NOI $115,000 | R. Term 2.5 | Ownership Ground Lease |
| Rent/SF
$25.62
| Increases 0.0%/0/yrs | Pop 5Mi 170,781 |
| Lot/AC 0.36 | Options 0/0yrs | AHHI 5Mi $128,626 |
| | |
Wells Fargo is located along County Road 42W with access to over 49,00 vehicles per day. The site benefits from nearby direct on/off ramp access to interstate 35W/35E averaging over 137,000 vehicles per day combined. The tenant is is located on an out parcel to the Burnsville Center, a 1,100,100 square-foot destination anchored by Macy’s, JCPenney and Dick’s Sporting Goods. Nearby tenants...
...In location for years
Near major nationals
Shopping Ctr out-parcel
Highway location
Hospital close
Dense 100M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Long operation history
Traded and rated company
Investment grade tenant
Wells Fargo & Company is an American multinational financial services company with operations in 35 countries and over 70 million customers globally. The firm's primary subsidiary is Wells...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 9,538 | 77,096 | 185,028 |
| 2023 Total Population : | 9,305 | 76,706 | 183,964 |
| 2023 Employed Civilian Pop : | 4,921 | 41,358 | 102,123 |
| 2023 Total Businesses : | 670 | 2,457 | 5,554 |
| 2023 Average Household Income : | $ 96,242 | $ 113,007 | $ 126,449 |
| 2023 Total Consumer Spending : | $ 333 M | $ 2872 M | $ 7481 M |
| 2023 Median Age : | 37 | 38 | 39 |
| 2023 Total Households : | 3,982 | 29,600 | 69,386 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,788 | 15,262 | 40,745 |
| 2023 Average Home Value : | $ 357,122 | $ 368,859 | $ 387,602 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Egan Dr | Aldrich Ave S | 2011 | 45,000 | 0.12 mi |
| Burnhaven Dr | Egan Dr | 2018 | 9,300 | 0.13 mi |
| Burnhaven Dr | 143rd St W | 2018 | 10,100 | 0.19 mi |
| Aldrich Ave S | 140th St W | 2014 | 11,300 | 0.23 mi |
| Burnhaven Dr | 140th St W | 2018 | 5,500 | 0.26 mi |
| Egan Dr | Buck Hill Rd | 2016 | 49,500 | 0.27 mi |
| Aldrich Avenue South | 140th St W | 2018 | 11,900 | 0.28 mi |
| 140th St W | Aldrich Ave S | 2018 | 1,550 | 0.29 mi |
| Burnhaven Dr | Regent Ln | 2010 | 5,400 | 0.32 mi |
| Burnhaven Dr | 140th St W | 2014 | 5,100 | 0.33 mi |
Belle Vernon, PA
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Richfield, MN
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Sun City Center, FL
Cap Rate 4.00%
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Burnsville, MN
Cap Rate 4.75%
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Virginia Beach, VA
Cap Rate 5.75%
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Durham, NC
Cap Rate 4.50%
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Tupelo, MS
Cap Rate 5.35%
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Springdale, AR
Cap Rate 4.50%
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Wendell, NC
Cap Rate 5.00%
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R. Term 19.80 yrs
Size/SF 2,700
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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