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| Price $6,591,000 $6,591,300 | Built/Renov 1998 | Tenant Ashley Furniture |
| Cap Rate 5.75% 5.75% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
216,929
| Lease Start
06-29-2018
| #Units
721
|
| Price/SF $30.38 $30.38 | Expiration
06-29-2038
| Tenant Type Big Box Retail |
| NOI $379,000 | R. Term 13.6 | Ownership Fee Simple |
| Rent/SF
$1.75
| Increases 0.0%/5/yrs | Pop 5Mi 151,798 |
| Lot/AC 4.98 | Options 2/5yrs | AHHI 5Mi $67,206 |
| | |
Ashley, the subject property is strategically located along Airport Boulevard, a major retail and commuter thoroughfare averaging 33,500 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 110 (85,500 VPD), one of the primary north/south commuter highways traveling through the immediate trade area and into the heart of Downtown Pensacola. The asset...
...Oversized lot
Major thoroughfare
Dense retail corridor
Big Box center
Strategically located
Freeway close
Dense 100M+ pop 5 mi
Income tax free state
Long 15+ yr lease
Favorable NN+ lease
Ashley Furniture is an American furniture store chain founded in 1997. It now has over 2,000 locations worldwide that sell Ashley Furniture products. The chain has both corporate and independently...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 5,955 | 64,853 | 150,117 |
| 2022 Total Population : | 6,073 | 65,555 | 150,356 |
| 2022 Employed Civilian Pop : | 3,241 | 34,377 | 77,829 |
| 2022 Total Businesses : | 908 | 4,246 | 8,389 |
| 2022 Average Household Income : | $ 62,035 | $ 73,701 | $ 77,076 |
| 2022 Total Consumer Spending : | $ 158 M | $ 1676 M | $ 4163 M |
| 2022 Median Age : | 38 | 38 | 40 |
| 2022 Total Households : | 2,939 | 26,221 | 62,236 |
| 2022 Pop Age 25+: Bachelor's Degree : | 817 | 8,309 | 20,026 |
| 2022 Average Home Value : | $ 231,533 | $ 259,563 | $ 262,128 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Airport Boulevard | Creek Station Dr | 2020 | 33,500 | 0.17 mi |
| Airport Blvd | N Davis Hwy | 2009 | 30,000 | 0.36 mi |
| N Davis Hwy | Airport Blvd | 2009 | 34,000 | 0.40 mi |
| Airport Boulevard | Carmel Heights R | 2020 | 27,000 | 0.40 mi |
| N Davis Hwy | Airport Blvd | 2005 | 30,000 | 0.43 mi |
| Brent Lane | Springhill Dr | 2020 | 23,336 | 0.48 mi |
| North 9th Avenue | Trinity Dr | 2020 | 31,000 | 0.52 mi |
| Airport Blvd | 750 | 2018 | 29,000 | 0.54 mi |
| N 9th Ave | Trinity Dr | 2005 | 35,799 | 0.54 mi |
| Langley Avenue | Ridgegate Cir | 2020 | 5,000 | 0.57 mi |
Ithaca, NY
Cap Rate 5.55%
Lease Abs NNN
R. Term 3.60 yrs
Size/SF 126,000
Albany, OR
Cap Rate 6.50%
Lease Double NN
R. Term 9.90 yrs
Size/SF 62,100
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
