Sold Subscription Required
| Price $16,500,000 | Built/Renov 2018 | Tenant Pilot |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
7,683
| Lease Start
04-14-2022
| #Units
650
|
| Price/SF $2,147.60 | Expiration
04-13-2042
| Tenant Type Convenience/Gas |
| NOI $825,000 | R. Term 17.3 | Ownership Fee Simple |
| Rent/SF
$107.38
| Increases 10.0%/3/yrs | Pop 5Mi 29,799 |
| Lot/AC 6.30 | Options 4/5yrs/10% | AHHI 5Mi $77,959 |
| | |
Pilot is strategically located at the intersection of Earhart Lane SW and Wright Brothers Blvd. W. (6,870+ combined VPD), directly off the exit ramp for Interstate 380 which sees 51,400+ vehicles passing by daily. According to Placer.ai, this location has 232,000 plus visits per year. The property benefits from six million square feet of industrial space with loading docks within a 5-mile...
...Oversized lot
High traffic 50M+ VPD
Strategically located
Freeway visibility
Major MSA
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Traded and rated company
Corporate Guarantee
Pilot Travel Centers LLC (“Pilot” or “PTC”) is the largest operator of travel centers in North America. The company operates primarily under the names Pilot or Flying J. Pilot’s travel centers...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 561 | 9,331 | 31,745 |
| 2023 Total Population : | 548 | 9,195 | 31,369 |
| 2023 Employed Civilian Pop : | 331 | 5,176 | 17,758 |
| 2023 Total Businesses : | 46 | 457 | 1,235 |
| 2023 Average Household Income : | $ 122,430 | $ 86,911 | $ 90,424 |
| 2023 Total Consumer Spending : | $ 20 M | $ 277 M | $ 995 M |
| 2023 Median Age : | 43 | 25 | 35 |
| 2023 Total Households : | 201 | 3,636 | 12,668 |
| 2023 Pop Age 25+: Bachelor's Degree : | 137 | 1,080 | 4,012 |
| 2023 Average Home Value : | $ 308,104 | $ 214,065 | $ 246,065 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Wright Brothers Blvd W | Earhart Ln SW | 2013 | 5,800 | 0.04 mi |
| Wright Brothers Blvd W | I- 380 | 2013 | 9,500 | 0.17 mi |
| I- 380 | 2022 | 6,100 | 0.24 mi | |
| I- 380 | 2022 | 5,400 | 0.29 mi | |
| Wright Brothers Blvd W | 2022 | 6,700 | 0.30 mi | |
| WRIGHT BROTHERS BLVD SW TO I 380 | Wright Brothers Blvd W | 2020 | 1,223 | 0.31 mi |
| Wright Brothers Blvd W | Earhart Ln SW | 2013 | 14,400 | 0.41 mi |
| Wright Brothers Blvd W | Wright Brothers Blvd E | 2013 | 5,800 | 0.43 mi |
| Avenue of the Saints | Walford Rd | 2022 | 58,800 | 0.46 mi |
| 6th St SW | America Dr SW | 2009 | 8,800 | 0.48 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
