Sold Subscription Required
| Price $2,946,249 | Built/Renov 2023 | Tenant Popshelf |
| Cap Rate 6.40% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,566
| Lease Start
09-29-2023
| #Units
216
|
| Price/SF $278.84 | Expiration
09-30-2038
| Tenant Type Dollar/Discount |
| NOI $188,560 | R. Term 13.10 | Ownership Fee Simple |
| Rent/SF
$17.85
| Increases 10.0%/15/yrs | Pop 5Mi 101,281 |
| Lot/AC 1.09 | Options 4/5yrs/10% | AHHI 5Mi $102,893 |
| | |
Popshelf is strategically located on East 121st Street, with access to 21,000 vehicles passing by daily. The property benefits from its close proximity to Creek Turnpike with 23,848 VPD. Additionally, it enjoys a convenient location adjacent to Starbucks and the Regal Movie Theatre (325,000 annual visitors). Notably, it is part of The Shops at Aspen Creek Development, a 150-acre mixed-use...
...New construction
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
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 : | 2,818 | 33,349 | 82,812 |
| 2023 Total Population : | 2,749 | 32,432 | 80,319 |
| 2023 Employed Civilian Pop : | 1,455 | 16,981 | 41,585 |
| 2023 Total Businesses : | 43 | 585 | 2,025 |
| 2023 Average Household Income : | $ 133,284 | $ 100,311 | $ 101,106 |
| 2023 Total Consumer Spending : | $ 112 M | $ 1064 M | $ 2613 M |
| 2023 Median Age : | 43 | 40 | 40 |
| 2023 Total Households : | 985 | 12,391 | 30,192 |
| 2023 Pop Age 25+: Bachelor's Degree : | 554 | 5,716 | 14,565 |
| 2023 Average Home Value : | $ 342,796 | $ 258,841 | $ 263,454 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| E 121st St S | S 9th St | 2015 | 3,239 | 0.13 mi |
| East 121st Street South | 2019 | 3,300 | 0.27 mi | |
| E South Loop Tpke | S 9th St | 2005 | 11,500 | 0.27 mi |
| S 9th St | E South Loop Tpke | 2015 | 2,016 | 0.29 mi |
| E 121st St S | E Union St | 2015 | 4,321 | 0.32 mi |
| E 121st St S | S 23rd St | 2015 | 2,799 | 0.58 mi |
| South Lynn Lane Road | S 9th St | 2019 | 2,000 | 0.66 mi |
| S Lynn Lane Rd | S 9th St | 2015 | 2,045 | 0.73 mi |
| East Tucson Street | E 121st St S | 2019 | 5,200 | 0.74 mi |
| S 23rd St | E 121st St | 2015 | 6,759 | 0.75 mi |
Chicago, IL
Cap Rate 6.70%
Lease Double NN
R. Term 8.11 yrs
Size/SF 15,717
Vernon, CT
Cap Rate 6.25%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 10,640
Orlando, FL
Cap Rate 5.75%
Lease Double NN
R. Term 6.30 yrs
Size/SF 14,511
Athens, GA
Cap Rate 6.75%
Lease Double NN
R. Term 10.10 yrs
Size/SF 10,000
Yoncalla, OR
Cap Rate 6.60%
Lease Abs NNN
R. Term 14.40 yrs
Size/SF 10,910
Venice, FL
Cap Rate 6.75%
Lease Abs NNN
R. Term 10.30 yrs
Size/SF 12,900
Wilmington, DE
Cap Rate 7.25%
Lease Abs NNN
R. Term 5.60 yrs
Size/SF 9,100
Enfield, CT
Cap Rate 6.25%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 10,640
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
