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| Price $2,275,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 6.75% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
1,649
| Lease Start
11-01-2024
| #Units
38,038
|
| Price/SF $1,379.62 | Expiration
10-31-2034
| Tenant Type Fast Food/QSR |
| NOI $153,635 | R. Term 9.10 | Ownership Fee Simple |
| Rent/SF
$93.17
| Increases 10.0%/10/yrs | Pop 5Mi 88,496 |
| Lot/AC 0.90 | Options 4/5yrs/10% | AHHI 5Mi $82,923 |
| | |
Starbucks is strategically located at the signalized, hard-corner intersection of Roosevelt Avenue and Cincinnati Dayton Road, benefiting from a combined daily traffic count of 28,900 vehicles. The property is surrounded by well-known national tenants including KFC, Mattress Firm, Bob Evans, T-Mobile, GNC, and more. The 5-mile trade area supports a population of 88,496 residents with an...
...New construction
Signalized intersection
Dense retail corridor
Freeway close
Top 100 MSA
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 5,266 | 37,045 | 90,580 |
| 2024 Total Population : | 5,148 | 35,792 | 88,642 |
| 2024 Employed Civilian Pop : | 2,069 | 16,373 | 40,350 |
| 2024 Total Businesses : | 291 | 959 | 2,442 |
| 2024 Average Household Income : | $ 81,222 | $ 89,560 | $ 86,375 |
| 2024 Total Consumer Spending : | $ 164 M | $ 1187 M | $ 2651 M |
| 2024 Median Age : | 39 | 42 | 39 |
| 2024 Total Households : | 2,294 | 15,046 | 34,712 |
| 2024 Pop Age 25+: Bachelor's Degree : | 782 | 4,381 | 9,262 |
| 2024 Average Home Value : | $ 274,538 | $ 284,409 | $ 269,719 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
