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| Price $5,500,000 $5,744,029 | Built/Renov 1996 | Tenant Havertys Furniture |
| Cap Rate 7.31% 7.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
58,956
| Lease Start
08-31-1996
| #Units
122
|
| Price/SF $93.29 $97.43 | Expiration
08-31-2031
| Tenant Type Big Box Retail |
| NOI $402,082 | R. Term 6.4 | Ownership Fee Simple |
| Rent/SF
$6.82
| Increases 6.0%/4/yrs | Pop 5Mi 303,720 |
| Lot/AC 3.15 | Options 2/5yrs/6% | AHHI 5Mi $99,362 |
| | |
Havertys Furniture is conveniently located on Virginia Beach Boulevard, which sees a daily traffic count of 37,000 vehicles. The property is situated just a few feet away from the signalized intersection with North Witchduck Road, which has a traffic count of 29,000 VPD. It is also approximately 0.7 miles north of Interstate 264 (192,000 VPD). One of the advantages of Havertys' location is its...
...In location for years
Near major nationals
Strong tenant synergy
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Absolute NNN
Top performing store
Corporate Guarantee
Publicly traded company
Haverty Furniture Company, Inc (Havertys) is a specialty retailer of residential furniture and accessories, offering a wide range of styles from traditional to contemporary. The company also...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 15,576 | 120,205 | 304,613 |
| 2023 Total Population : | 15,096 | 117,906 | 303,720 |
| 2023 Employed Civilian Pop : | 7,463 | 61,133 | 153,563 |
| 2023 Total Businesses : | 1,094 | 5,970 | 11,703 |
| 2023 Average Household Income : | $ 79,650 | $ 94,816 | $ 99,362 |
| 2023 Total Consumer Spending : | $ 418 M | $ 3940 M | $ 10248 M |
| 2023 Median Age : | 37 | 38 | 37 |
| 2023 Total Households : | 6,074 | 48,105 | 119,671 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,121 | 20,031 | 48,364 |
| 2023 Average Home Value : | $ 317,684 | $ 365,501 | $ 377,637 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Witchduck Rd | Admiral Wright Rd | 2016 | 29,000 | 0.23 mi |
| Cleveland St | Cleveland Pl | 2016 | 6,000 | 0.28 mi |
| Cleveland Street | Cleveland Pl | 2020 | 5,100 | 0.28 mi |
| Cleveland St | Expy Ct | 2016 | 6,000 | 0.28 mi |
| Cleveland Street | Opal Ave | 2019 | 5,993 | 0.29 mi |
| Virginia Beach Blvd | Clearfield Ave | 2016 | 37,000 | 0.32 mi |
| North Witchduck Road | Cleveland St | 2020 | 26,000 | 0.36 mi |
| North Witchduck Road | Baker St | 2021 | 29,000 | 0.36 mi |
| N Witchduck Rd | Cleveland St | 2016 | 29,000 | 0.37 mi |
| North Witchduck Road | Cleveland St | 2018 | 29,000 | 0.37 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
