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| Price $4,150,000 | Built/Renov 2017 | Tenant Speedway (LH) |
| Cap Rate 6.26% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,750
| Lease Start
06-15-2016
| #Units
3,900
|
| Price/SF $1,106.67 | Expiration
06-15-2036
| Tenant Type Convenience/Gas |
| NOI $259,720 | R. Term 11.6 | Ownership Leasehold |
| Rent/SF
$69.26
| Increases 12.5%/1/yrs | Pop 5Mi 244,997 |
| Lot/AC 1.50 | Options 4/5yrs/12.5% | AHHI 5Mi $66,197 |
| | |
Speedway is strategically located at the signalized, hard corner intersection of Joe Battle Boulevard and Pelican Drive seeing a combined 60,294 vehicles per day. The subject property consists of a 3,750 square foot retail space, a single row canopy with seven fueling stations, fourteen pumps and ample parking on a large 1.5-acre parcel. Neighboring national/credit tenants include Auto Zone,...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Freeway visibility
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Speedway is an American convenience store and gas station chain with locations primarily in the Midwest and the East Coast regions of the United States. Founded in 1952...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 13,469 | 82,096 | 268,149 |
| 2023 Total Population : | 13,201 | 80,664 | 262,252 |
| 2023 Employed Civilian Pop : | 6,078 | 36,384 | 114,694 |
| 2023 Total Businesses : | 104 | 1,906 | 5,632 |
| 2023 Average Household Income : | $ 102,408 | $ 87,942 | $ 81,326 |
| 2023 Total Consumer Spending : | $ 369 M | $ 2003 M | $ 6139 M |
| 2023 Median Age : | 32 | 32 | 33 |
| 2023 Total Households : | 4,218 | 26,331 | 86,575 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,422 | 11,597 | 31,556 |
| 2023 Average Home Value : | $ 245,996 | $ 216,525 | $ 198,419 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Joe Battle Blvd | Pellicano Dr | 2002 | 36,210 | 0.09 mi |
| Joe Battle Blvd | Pellicano Dr | 2002 | 35,130 | 0.22 mi |
| Pellicano Dr | Joe Battle Blvd | 2003 | 9,689 | 0.25 mi |
| Joe Battle Boulevard | Ashdownea Ave | 2021 | 15,880 | 0.36 mi |
| Loop 375 | Bob Hope Dr | 2021 | 49,773 | 0.37 mi |
| Bob Hope Dr | 2021 | 11,950 | 0.37 mi | |
| Bob Hope Drive | Amstater Cir | 2021 | 4,713 | 0.39 mi |
| Henri Matisse Ave | Bob Hope Dr | 2002 | 543 | 0.47 mi |
| Bob Hope Dr | Pedro Figari Ave | 2002 | 4,955 | 0.56 mi |
| Pedro Figari Ave | Bob Hope Dr | 2003 | 1,079 | 0.60 mi |
Johnson City, TN
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.50 yrs
Size/SF 4,348
Mishawaka, IN
Cap Rate 7.25%
Lease Abs NNN
R. Term 7.80 yrs
Size/SF 7,690
New Britain, CT
Cap Rate 6.40%
Lease Abs NNN
R. Term 7.60 yrs
Size/SF 4,800
Doylestown, PA
Cap Rate 6.00%
Lease Abs NNN
R. Term 5.90 yrs
Size/SF 3,032
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
