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| Price $2,928,000 | Built/Renov 2005 | Tenant Wells Fargo (GL) |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,200
| Lease Start
12-01-2010
| #Units
6,968
|
| Price/SF $697.14 | Expiration
11-30-2030
| Tenant Type Bank/Financial |
| NOI $153,731 | R. Term 5.11 | Ownership Ground Lease |
| Rent/SF
$36.60
| Increases 10.0%/5/yrs | Pop 5Mi 260,086 |
| Lot/AC 1.00 | Options 2/5yrs/10% | AHHI 5Mi $120,574 |
| | |
This Wells Fargo is located within the highly visible Parmer McNeil Plaza that sees a combined AADT of 71,146 from Parmer Lane and McNeil Drive. It is directly across from the H-E-B anchored shopping center and down the street from a new 133-acre Apple campus, a $1 billion-dollar Real Estate development with 15,000 employees. There is a proposed expansion for an additional 53 acres that was...
...In location for years
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
New development zone
Income tax free state
Recently extended lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Wells Fargo & Company is an American multinational financial services company with operations in 35 countries and over 70 million customers globally. The firm's primary subsidiary is Wells...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 15,676 | 86,340 | 263,484 |
| 2023 Total Population : | 16,094 | 86,800 | 257,268 |
| 2023 Employed Civilian Pop : | 10,497 | 54,193 | 155,299 |
| 2023 Total Businesses : | 300 | 3,222 | 12,600 |
| 2023 Average Household Income : | $ 104,505 | $ 122,903 | $ 123,059 |
| 2023 Total Consumer Spending : | $ 682 M | $ 4272 M | $ 12177 M |
| 2023 Median Age : | 35 | 37 | 36 |
| 2023 Total Households : | 7,533 | 40,196 | 114,723 |
| 2023 Pop Age 25+: Bachelor's Degree : | 4,379 | 25,463 | 70,360 |
| 2023 Average Home Value : | $ 418,216 | $ 490,703 | $ 496,877 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Mc Neil Dr | Marble Falls Cove | 2010 | 26,400 | 0.03 mi |
| McNeil Drive | 2015 | 21,609 | 0.05 mi | |
| West Parmer Lane | W Parmer Ln | 2020 | 22,420 | 0.10 mi |
| W Parmer Ln | Corpus Christi Dr | 2013 | 44,746 | 0.11 mi |
| McNeil Drive | 2015 | 22,856 | 0.15 mi | |
| Heinemann Dr | Mc Neil Dr | 2003 | 3,558 | 0.20 mi |
| Corpus Christi Dr | W Parmer Ln | 2010 | 1,990 | 0.20 mi |
| Melrose Trl | Emma Lee Ave | 2010 | 2,450 | 0.23 mi |
| Melrose Trail | 2015 | 3,253 | 0.23 mi | |
| Mc Neil Dr | W Parmer Ln | 2010 | 26,970 | 0.27 mi |
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Cap Rate 4.40%
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R. Term 13.10 yrs
Size/SF 3,366
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
