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| Price $2,475,000 | Built/Renov 2012 | Tenant Kirkland's |
| Cap Rate 9.00% | Lease Type
NN+ | Guarantor Corp Traded |
| Size/SF
9,030
| Lease Start
10-24-2012
| #Units
346
|
| Price/SF $274.09 | Expiration
06-30-2034
| Tenant Type General Retail |
| NOI $222,750 | R. Term 9.7 | Ownership Fee Simple |
| Rent/SF
$24.67
| Increases 2.0%/1/yrs | Pop 5Mi 76,822 |
| Lot/AC 0.98 | Options 2/5yrs/2% | AHHI 5Mi $82,083 |
| | |
Kirkland's is strategically located at the intersection of Red Bluff Blvd. and E Highland Drive, with access to 50,845 vehicles passing by daily. The property enjoys a prime location directly opposite the Turtle Creek Mall, currently undergoing redevelopment and anchored by Target, JCPenney, and Dillard’s, which enhances its visibility. Additionally, it is surrounded by numerous other national...
...Recent renovation
Roof guarantee
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Long 10+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Publicly traded company
Kirkland's, Inc. (NASDAQ: KIRK) is a specialty retailer of home décor and furnishings in the United States. The company offers a broad selection of distinctive merchandise, including...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,132 | 48,627 | 79,657 |
| 2023 Total Population : | 5,113 | 47,042 | 77,026 |
| 2023 Employed Civilian Pop : | 2,327 | 22,003 | 36,672 |
| 2023 Total Businesses : | 902 | 2,714 | 3,375 |
| 2023 Average Household Income : | $ 58,009 | $ 68,065 | $ 82,163 |
| 2023 Total Consumer Spending : | $ 107 M | $ 1150 M | $ 2176 M |
| 2023 Median Age : | 31 | 32 | 34 |
| 2023 Total Households : | 2,097 | 19,237 | 30,353 |
| 2023 Pop Age 25+: Bachelor's Degree : | 364 | 5,556 | 10,052 |
| 2023 Average Home Value : | $ 170,101 | $ 237,891 | $ 253,630 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Red Wolf Boulevard | Sun Ave | 2021 | 29,000 | 0.18 mi |
| Red Wolf Boulevard | Apache Dr | 2021 | 36,000 | 0.20 mi |
| Red Wolf Boulevard | Driftwood Ln | 2021 | 36,000 | 0.20 mi |
| Stadium Blvd | Parkwood Rd | 2012 | 30,000 | 0.29 mi |
| Stadium Blvd | Forest Home Rd | 2013 | 22,720 | 0.34 mi |
| East Highland Drive | Malco Dr | 2021 | 22,000 | 0.42 mi |
| Forest Home Road | Marie Cir | 2021 | 3,100 | 0.43 mi |
| East Highland Drive | National Rd | 2021 | 6,800 | 0.47 mi |
| Race St | Briar Ln | 2012 | 5,800 | 0.48 mi |
| Race Street | Middlefield Dr | 2021 | 6,400 | 0.52 mi |
Traverse City, MI
Cap Rate 9.00%
Lease Abs NNN
R. Term 10.90 yrs
Size/SF 2,400
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
