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| Price $3,452,550 | Built/Renov 2023 | Tenant Andy's Frozen Custard |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,271
| Lease Start
03-01-2023
| #Units
18
|
| Price/SF $1,520.28 | Expiration
02-28-2043
| Tenant Type Fast Food/QSR |
| NOI $207,154 | R. Term 18.3 | Ownership Fee Simple |
| Rent/SF
$91.22
| Increases 1.5%/1/yrs | Pop 5Mi 133,546 |
| Lot/AC 0.00 | Options 4/5yrs/1.5% | AHHI 5Mi $121,980 |
| | |
Andy’s Frozen Custard is strategically located on East 15th Street, with access to 23,400 vehicles passing by daily. The property benefits from direct access onto U.S. Highway 77 (54,100 VPD), Interstate 35 (76,200 VPD), and other major routes, making this a centralized location. Additionally, it is situated in a dense retail trade area, being in close proximity to Spring Creek Village, Edmond...
...New construction
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee
Andy's Frozen Custard is the largest frozen custard-only chain in the United States. Andy's exclusively sells frozen custard treats in various flavors, from simple vanilla or chocolate...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 10,156 | 71,204 | 136,166 |
| 2023 Total Population : | 9,927 | 69,521 | 132,752 |
| 2023 Employed Civilian Pop : | 5,360 | 36,479 | 68,464 |
| 2023 Total Businesses : | 763 | 4,150 | 6,267 |
| 2023 Average Household Income : | $ 104,140 | $ 106,677 | $ 122,055 |
| 2023 Total Consumer Spending : | $ 360 M | $ 2573 M | $ 5372 M |
| 2023 Median Age : | 36 | 35 | 36 |
| 2023 Total Households : | 4,017 | 27,990 | 51,419 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,201 | 14,918 | 29,684 |
| 2023 Average Home Value : | $ 279,490 | $ 290,782 | $ 326,170 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| E 15th St | Pine Oak Dr | 2015 | 21,070 | 0.02 mi |
| Pine Oak Dr | E 15th St | 2011 | 1,804 | 0.14 mi |
| Pine Oak Dr | E 15th St | 2011 | 1,396 | 0.14 mi |
| S Bryant Ave | Devonshire Ct | 2015 | 22,564 | 0.19 mi |
| S Bryant Ave | Rockwood Dr | 2017 | 14,800 | 0.19 mi |
| Mockingbird Ln | 2021 | 19,200 | 0.29 mi | |
| E 15th St | Hunters Ridge Rd | 2016 | 17,648 | 0.31 mi |
| East 15th Street | Edgewood Dr | 2021 | 17,200 | 0.36 mi |
| East 15th Street | Edgewood Dr | 2019 | 17,200 | 0.36 mi |
| S Bryant Ave | Mockingbird Ln | 2015 | 15,630 | 0.42 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
