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| Price $2,636,000 | Built/Renov 2023 | Tenant Cheddar's (GL) |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
7,895
| Lease Start
07-03-2023
| #Units
184
|
| Price/SF $333.88 | Expiration
07-31-2033
| Tenant Type Casual Dining |
| NOI $145,000 | R. Term 8.8 | Ownership Ground Lease |
| Rent/SF
$18.37
| Increases 10.0%/5/yrs | Pop 5Mi 42,182 |
| Lot/AC 2.22 | Options 4/5yrs/10% | AHHI 5Mi $64,898 |
| | |
Cheddar's is strategically located at the signalized, hard corner intersection of U.S. Highway 11E/State Highway 34, with access to a combined daily traffic count of 36,300 vehicles. The property is shadow anchored by a Walmart Supercenter and surrounded by well-known national tenants such as Panda Express, Starbucks, Wingstop, Texas Roadhouse, Ingles Market, among others. Additionally, it...
...New construction
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Income tax free state
Absolute NNN
Traded and rated company
Corporate Guarantee
Credit rated company
Cheddar’s Scratch Kitchen is a homestyle casual dining restaurant offering a variety of homemade meals and generous portions served up in a warm, welcoming atmosphere – all at an unbelievable...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,654 | 14,680 | 41,321 |
| 2023 Total Population : | 3,748 | 14,850 | 41,408 |
| 2023 Employed Civilian Pop : | 1,946 | 6,912 | 16,654 |
| 2023 Total Businesses : | 102 | 638 | 1,441 |
| 2023 Average Household Income : | $ 75,865 | $ 79,596 | $ 65,116 |
| 2023 Total Consumer Spending : | $ 97 M | $ 394 M | $ 920 M |
| 2023 Median Age : | 45 | 44 | 41 |
| 2023 Total Households : | 1,465 | 5,662 | 16,015 |
| 2023 Pop Age 25+: Bachelor's Degree : | 480 | 2,148 | 3,993 |
| 2023 Average Home Value : | $ 244,593 | $ 250,079 | $ 207,017 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Kidwell Ridge Road | Wynn St | 2022 | 7,108 | 0.27 mi |
| Kidwell Ridge Road | Wynn St | 2018 | 7,586 | 0.29 mi |
| Apostle Road | Grand Dr | 2022 | 1,385 | 0.52 mi |
| W Andrew Johnson Hwy | Sunset Strip | 2003 | 26,250 | 0.71 mi |
| West Andrew Johnson Highway | W Andrew Johnson Hwy | 2022 | 25,851 | 0.75 mi |
| US 11E | W Andrew Johnson Hwy | 2021 | 35,911 | 0.75 mi |
| Cameron Road | Kimberly Dr | 2022 | 2,531 | 0.91 mi |
| Merchants Greene Boulevard | W Andrew Johnson Hwy | 2022 | 12,002 | 0.91 mi |
| Central Church Road | Holiday Dr | 2022 | 3,337 | 1.13 mi |
| W. MORRISTOWN | Bridal Path | 2019 | 1,109 | 1.17 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
