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Views: 184 DOM: 209 Updated: 10.15.24 Posted: 04.20.24 Status: Active

Summary

Price $1,400,000
Built/Renov 1995/2022
Tenant Faded Tobacco & Vape
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,275
Lease Start 07-20-2022
#Units 1
Price/SF $615.38
Expiration 07-31-2027
Tenant Type General Retail
NOI $84,048
R. Term 2.8
Ownership Fee Simple
Rent/SF $36.94
Increases 3.0%/1/yrs
Pop 5Mi 66,582
Lot/AC 0.76
Options 0/0yrs
AHHI 5Mi $79,179

Lease Highlights

  • Faded Tobacco & Vape has 2+ years remaining on the current lease term
  • The lease features 3% rental increases annually throughout the initial term
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Faded Tobacco & Vape is strategically located at the signalized, hard corner intersection of Mt Clinton Pike and State Highway 42, with access to a combined daily traffic count of 27,700 vehicles. The property offers excellent visibility and features multiple points of ingress/egress. The immediate trade area is surrounded by well-known national tenants including Walgreens, 7-Eleven, Subway,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Faded Tobacco & Vape
  • Guarantor:Corporate
  • Company:Faded Tobacco & Vape
  • # Units:1
  • Stock:Private

About Tenant

Faded Tobacco & Vape is dedicated to providing their customers with a wide range of high-quality smoking and vaping products. Their knowledgeable and friendly staff is always available to help...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,279 43,584 67,208
2023 Total Population : 7,243 43,485 66,582
2023 Employed Civilian Pop : 3,437 20,849 32,339
2023 Total Businesses : 343 1,840 2,830
2023 Average Household Income : $ 69,209 $ 77,449 $ 79,179
2023 Total Consumer Spending : $ 173 M $ 955 M $ 1606 M
2023 Median Age : 38 27 27
2023 Total Households : 2,893 14,144 23,222
2023 Pop Age 25+: Bachelor's Degree : 1,017 5,011 7,568
2023 Average Home Value : $ 289,409 $ 300,599 $ 303,652
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Virginia Ave Mount Clinton Pike 2016 11,000 0.12 mi
Mount Clinton Pike Chicago Ave 2020 7,000 0.16 mi
Mount Clinton Pike Chicago Ave 2018 8,200 0.16 mi
Virginia Avenue Oak Dr 2021 20,000 0.28 mi
Chicago Avenue Shenandoah St 2020 4,400 0.35 mi
Chicago Avenue Shenandoah St 2021 7,900 0.35 mi
Mount Clinton Pike College Ave 2018 6,400 0.40 mi
Mount Clinton Pike College Ave 2020 5,400 0.40 mi
Virginia Ave Oak Dr 2016 14,000 0.43 mi
Virginia Avenue Mount Clinton Pike 2021 21,000 0.43 mi

Listing Broker

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