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Views: 253 DOM: 113 Updated: 10.23.24 Posted: 07.31.24 Status: Active

Summary

Price $3,547,433
Built/Renov 2018
Tenant Japan Inn
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,984
Lease Start 06-30-2019
#Units 4
Price/SF $711.76
Expiration 06-30-2039
Tenant Type Casual Dining
NOI $212,846
R. Term 14.7
Ownership Fee Simple
Rent/SF $42.71
Increases 2.0%/1/yrs
Pop 5Mi 336,650
Lot/AC 1.00
Options 4/5yrs/2%
AHHI 5Mi $89,299

Lease Highlights

  • Japan Inn has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Japan Inn is strategically located on NW 107th Avenue, with access to 44,500 vehicles passing by daily. The property is an outparcel to the Nuvo Suites Hotel and is situated across the street from Miami International Mall. It is also near Dolphin Mall, which attracts approximately 36 million visitors annually, and is just off the 107th Avenue exit from the Dolphin Expressway (25,000 VPD)....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Japan Inn
  • Guarantor:Corporate
  • Company:Japan Inn Group
  • # Units:4
  • Stock:Private

About Tenant

Founded in 1990, Japan Inn is a well-established Japanese restaurant chain, celebrated for its authentic cuisine and engaging dining experiences, particularly its teppanyaki and sushi offerings....


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,361 161,774 341,181
2024 Total Population : 6,438 164,614 344,432
2024 Employed Civilian Pop : 3,467 91,524 187,023
2024 Total Businesses : 3,382 16,434 35,152
2024 Average Household Income : $ 107,590 $ 97,408 $ 101,545
2024 Total Consumer Spending : $ 213 M $ 4911 M $ 10292 M
2024 Median Age : 43 42 43
2024 Total Households : 2,243 57,416 115,991
2024 Pop Age 25+: Bachelor's Degree : 1,473 32,510 63,931
2024 Average Home Value : $ 483,423 $ 490,968 $ 534,605
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northwest 107th Avenue NW 17th St 2022 40,500 0.03 mi
NW 107th Ave NW 12th St 2006 49,590 0.39 mi
NW 25th St NW 107th Ave 2006 23,050 0.44 mi
Northwest 25th Street NW 107th Ave 2018 25,500 0.44 mi
Northwest 25th Street NW 25th St 2022 26,000 0.50 mi
Northwest 107th Avenue NW 12th St 2022 50,500 0.51 mi
NW 107th Ave NW 27th St 2006 41,300 0.52 mi
Northwest 19th Street NW 19th St 2022 8,800 0.53 mi
NW 12th St NW 107th Ave 2006 26,940 0.57 mi
E West Expy NW 107th Ave 2005 8,300 0.59 mi

Listing Broker

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