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| Price $1,909,492 | Built/Renov 2005 | Tenant Smokey Bones |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
7,200
| Lease Start
12-13-2005
| #Units
61
|
| Price/SF $265.21 | Expiration
12-31-2025
| Tenant Type Casual Dining |
| NOI $124,117 | R. Term 1.3 | Ownership Fee Simple |
| Rent/SF
$17.24
| Increases 10.0%/1/yrs | Pop 5Mi 143,444 |
| Lot/AC 0.00 | Options 2/5yrs/10% | AHHI 5Mi $109,285 |
| | |
The subject property is conveniently located on Mall Rd., which sees 16,043+ vehicles passing by daily. Smokey Bones has excellent visibility and accessibility from the I-71/I-75 interchange. It is positioned along a major retail corridor and sits adjacent to Florence Mall (950,000+ SF), which is anchored by Macy's and JCPenney. Other retailers in the immediate area include Burlington, Ulta,...
...In location for years
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Corporate Guarantee
Publicly traded company
Smokey Bones Bar & Fire Grill, known as Smokey Bones, is a full-service restaurant chain delivering great barbecue, award-winning ribs, perfectly seared steaks, and memorable moments. Smokey Bones...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,395 | 69,115 | 148,137 |
| 2023 Total Population : | 7,928 | 66,081 | 144,040 |
| 2023 Employed Civilian Pop : | 3,877 | 33,527 | 72,924 |
| 2023 Total Businesses : | 769 | 2,968 | 4,924 |
| 2023 Average Household Income : | $ 84,847 | $ 95,233 | $ 104,334 |
| 2023 Total Consumer Spending : | $ 230 M | $ 2165 M | $ 4858 M |
| 2023 Median Age : | 40 | 38 | 38 |
| 2023 Total Households : | 3,128 | 26,347 | 54,196 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,037 | 8,760 | 22,938 |
| 2023 Average Home Value : | $ 214,906 | $ 206,924 | $ 237,726 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 3151 | Plz Blvd | 2008 | 16,946 | 0.05 mi |
| Exchange Dr | Cayton Rd | 2014 | 8,307 | 0.16 mi |
| 2012 | 10,766 | 0.19 mi | ||
| Mall Circle Rd | 2022 | 5,517 | 0.28 mi | |
| Mall Road | Mall Cir Rd | 2021 | 16,120 | 0.31 mi |
| I-75 RAMP from KY 18 | Hwy 42 | 2021 | 7,154 | 0.32 mi |
| Cayton Rd | Exchange Dr | 2014 | 8,307 | 0.33 mi |
| I 71;I 75 | Burlington Pike | 2021 | 123,552 | 0.34 mi |
| I-75 RAMP from MALL RD | Hwy 42 | 2021 | 6,478 | 0.35 mi |
| Hwy 42 | 2018 | 6,213 | 0.36 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
