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Views: 132 DOM: 159 Updated: 10.29.24 Posted: 07.15.24 Status: Active

Summary

Price $2,832,000
Built/Renov 2023
Tenant Chapter Aesthetic Studio
Cap Rate 6.25%
Lease Type NN+
Guarantor Corporate
Size/SF 3,540
Lease Start 11-02-2023
#Units 22
Price/SF $800.00
Expiration 11-30-2033
Tenant Type Medical/Health
NOI $177,000
R. Term 8.11
Ownership Fee Simple
Rent/SF $50.00
Increases 10.0%/4/yrs
Pop 5Mi 77,324
Lot/AC 0.85
Options 2/5yrs/10%
AHHI 5Mi $71,001

Lease Highlights

  • New 2023 construction
  • Chapter Aesthetic Studio has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Chapter Aesthetic Studio is strategically located on Eglin Street, with access to 11,180 vehicles passing by daily. The property is a pad to the only super regional power center located within a 350-mile radius. The center ranks in the top 9% of the most trafficked centers in the U.S. per Placer.ai and is the #1 most trafficked center in South Dakota, as well as the #1 most trafficked Sam’s...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Chapter Aesthetic Studio (Chapter) is one of the leading medical aesthetic studios in the country. The retail storefronts offer a comprehensive range of skincare and wellness services,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,460 37,418 79,999
2024 Total Population : 5,292 35,549 76,454
2024 Employed Civilian Pop : 2,599 18,502 40,418
2024 Total Businesses : 372 2,959 4,978
2024 Average Household Income : $ 50,936 $ 64,759 $ 78,816
2024 Total Consumer Spending : $ 104 M $ 855 M $ 2228 M
2024 Median Age : 35 35 37
2024 Total Households : 2,299 14,889 32,096
2024 Pop Age 25+: Bachelor's Degree : 352 3,700 10,611
2024 Average Home Value : $ 185,845 $ 279,490 $ 329,685
*ESRI data is presented for informational purposes only

Listing Broker

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