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| Price $1,333,000 | Built/Renov 1978/2024 | Tenant Jersey Mike's |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
2,076
| Lease Start
09-01-2024
| #Units
2,700
|
| Price/SF $642.10 | Expiration
08-31-2039
| Tenant Type Fast Casual/Rest. |
| NOI $70,000 | R. Term 14.9 | Ownership Fee Simple |
| Rent/SF
$33.72
| Increases 10.0%/5/yrs | Pop 5Mi 21,707 |
| Lot/AC 0.51 | Options 2/5yrs/10% | AHHI 5Mi $114,938 |
| | |
Jersey Mike's is strategically located on State Highway 25 and State Highway 55, with access to a combined daily traffic count of 40,900 vehicles. The property is conveniently situated just off the major intersection of Red Wolf Blvd and E Highland Drive, which sees a traffic count of 50,845 VPD. Additionally, it is directly opposite the Turtle Creek Mall, currently undergoing redevelopment...
...Signalized intersection
Recent renovation
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 15+ yr lease
Absolute NNN
Over 2000 units backed
Corporate Guarantee
A Sub Above, LLC, dba Jersey Mike's Subs, is an American-based submarine sandwich chain. Each Jersey Mike's Subs restaurant serves submarine sandwiches made to order by slicing the meats...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,139 | 18,062 | 21,875 |
| 2023 Total Population : | 6,270 | 18,051 | 21,707 |
| 2023 Employed Civilian Pop : | 3,005 | 9,071 | 11,036 |
| 2023 Total Businesses : | 484 | 734 | 811 |
| 2023 Average Household Income : | $ 100,344 | $ 111,008 | $ 114,938 |
| 2023 Total Consumer Spending : | $ 221 M | $ 640 M | $ 784 M |
| 2023 Median Age : | 38 | 38 | 39 |
| 2023 Total Households : | 2,557 | 6,722 | 7,958 |
| 2023 Pop Age 25+: Bachelor's Degree : | 679 | 2,363 | 2,878 |
| 2023 Average Home Value : | $ 346,497 | $ 357,294 | $ 381,748 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| State Hwy 25 | 12th St NE | 2016 | 17,000 | 0.04 mi |
| MN 25 | State Hwy 55 NE | 2022 | 17,954 | 0.05 mi |
| MN 55 | State Hwy 55 NE | 2022 | 11,985 | 0.07 mi |
| 12th St NE | Hwy 25 | 2016 | 1,500 | 0.10 mi |
| Commercial Dr | 14th St NE | 2016 | 2,700 | 0.11 mi |
| State Hwy 25 | 2022 | 3,360 | 0.15 mi | |
| 14th St NE | Hwy 25 | 2017 | 3,450 | 0.16 mi |
| 14th St NE | 2021 | 2,352 | 0.16 mi | |
| Central Avenue | Service Rd | 2022 | 17,849 | 0.17 mi |
| 3rd Ave NE | Arcadian Pl | 2017 | 5,600 | 0.22 mi |
Freeport, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,712
West Columbia, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,781
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
