Sold Subscription Required
| Price $4,125,000 | Built/Renov 2018 | Tenant Chick-fil-A (GL) |
| Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,996
| Lease Start
08-13-2018
| #Units
2,806
|
| Price/SF $825.66 | Expiration
08-31-2033
| Tenant Type Fast Casual/Rest. |
| NOI $165,000 | R. Term 8.9 | Ownership Ground Lease |
| Rent/SF
$33.03
| Increases 10.0%/1/yrs | Pop 5Mi 89,359 |
| Lot/AC 0.00 | Options 8/5yrs/10% | AHHI 5Mi $94,370 |
| | |
Chick-fil-A is located near the signalized, hard corner intersection of E Merritt Island Causeway (42,000 VPD) and S Sykes Creek Pkwy (12,200 VPD). The site is equipped with a dual-lane drive-thru, promoting ease of access for customers, and is located on an outparcel of Merritt Square Mall, anchored by Macy’s, JCPenney, Sears, and Dillard’s. Merritt Island Causeway is a major retail corridor...
...Near major nationals
Shopping Ctr out-parcel
Hospital close
Strong tenant synergy
Top 100 MSA
Affluent suburb location
New development zone
Income tax free state
Absolute NNN
Corporate Guarantee
Chick-fil-A is one of the largest American fast food restaurant chains, and the largest specializing in chicken sandwiches . Chick-fil-A was first opened in 1946 in Atlanta, Georgia,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,031 | 31,372 | 88,273 |
| 2023 Total Population : | 4,140 | 32,150 | 89,602 |
| 2023 Employed Civilian Pop : | 2,043 | 15,836 | 43,800 |
| 2023 Total Businesses : | 789 | 2,437 | 5,017 |
| 2023 Average Household Income : | $ 77,353 | $ 103,985 | $ 100,215 |
| 2023 Total Consumer Spending : | $ 121 M | $ 1314 M | $ 3376 M |
| 2023 Median Age : | 52 | 51 | 49 |
| 2023 Total Households : | 1,811 | 14,584 | 38,951 |
| 2023 Pop Age 25+: Bachelor's Degree : | 671 | 6,095 | 15,187 |
| 2023 Average Home Value : | $ 451,611 | $ 445,075 | $ 401,550 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Fortenberry Road | Harbor Woods Blvd | 2021 | 7,300 | 0.21 mi |
| S Sykes Creek Pkwy | Fortenberry Rd | 2009 | 5,860 | 0.21 mi |
| E Merritt Island Cswy | Amsdell Rd | 2009 | 33,300 | 0.26 mi |
| S Plumosa St | E Merritt Island Cswy | 2009 | 5,730 | 0.34 mi |
| South Plumosa Street | Bimini Dr | 2021 | 4,100 | 0.37 mi |
| N Sykes Creek Pkwy | E Merritt Ave | 2009 | 12,180 | 0.39 mi |
| E Merritt Island Cswy | Kiwanis Island PkRd | 2009 | 31,840 | 0.42 mi |
| S Plumosa St | Belaire Dr | 2008 | 5,830 | 0.45 mi |
| North Plumosa Street | Enola Pl | 2021 | 4,900 | 0.47 mi |
| E Merritt Island Cswy | Imperial St | 2009 | 32,280 | 0.48 mi |
Warwick, RI
Cap Rate 4.65%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 3,286
Manchester, NH
Cap Rate 4.60%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 3,366
Inverness, FL
Cap Rate 4.35%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 2,493
South Gate, CA
Cap Rate 4.60%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 1,807
Leesburg, FL
Cap Rate 4.15%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 5,711
Dallas, TX
Cap Rate 4.15%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 4,680
Corona, CA
Cap Rate 4.35%
Lease Abs NNN
R. Term 17.00 yrs
Size/SF 2,650
McDonough, GA
Cap Rate 4.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,864
Snellville, GA
Cap Rate 4.50%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 2,813
Cathedral City, CA
Cap Rate 4.25%
Lease NN+
R. Term 15.10 yrs
Size/SF 2,325
University City, MO
Cap Rate 4.35%
Lease Abs NNN
R. Term 14.00 yrs
Size/SF 3,062
Tampa, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,500
Austin, TX
Cap Rate 3.75%
Lease Abs NNN
R. Term 15.40 yrs
Size/SF 2,702
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
