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| Price $6,092,000 | Built/Renov 2024 | Tenant Spec's |
| Cap Rate 6.50% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
12,000
| Lease Start
08-01-2024
| #Units
200
|
| Price/SF $507.67 | Expiration
07-31-2039
| Tenant Type General Retail |
| NOI $396,000 | R. Term 14.8 | Ownership Fee Simple |
| Rent/SF
$33.00
| Increases 10.0%/5/yrs | Pop 5Mi 156,410 |
| Lot/AC 1.23 | Options 3/5yrs/10% | AHHI 5Mi $98,927 |
| | |
Spec’s is strategically located on South Fwy, with access to 6,600 vehicles passing by daily. The property is conveniently situated just off Interstate 35 (133,000 VPD) and Rendon Crowley Rd (33,300 VPD), which are the main commuter and retail thoroughfares. Additionally, it is near Southgate Marketplace, a mixed-use development, and is half a mile from McAlister Square and Gateway Station....
...New construction
Hard corner intersection
Near major nationals
Freeway visibility
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Spec’s is a full service liquor store chain which carries thousands of wines, spirits, craft beers, gourmet foods and accessories. The deli also offers the finest in deli meats, pates, domestic...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 8,211 | 63,181 | 179,739 |
| 2024 Total Population : | 7,118 | 55,591 | 160,099 |
| 2024 Employed Civilian Pop : | 3,584 | 28,051 | 80,247 |
| 2024 Total Businesses : | 365 | 1,953 | 3,595 |
| 2024 Average Household Income : | $ 101,077 | $ 105,137 | $ 105,248 |
| 2024 Total Consumer Spending : | $ 218 M | $ 1803 M | $ 4945 M |
| 2024 Median Age : | 34 | 35 | 35 |
| 2024 Total Households : | 2,448 | 19,494 | 53,417 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,204 | 6,899 | 19,469 |
| 2024 Average Home Value : | $ 333,420 | $ 334,861 | $ 342,429 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Old Hwy 1187 | Medpark Dr | 2004 | 3,140 | 0.27 mi |
| N Burleson Blvd | Alsbury Blvd | 2004 | 4,798 | 0.37 mi |
| McAllister Rd | South Fwy | 2009 | 3,470 | 0.42 mi |
| I- 35 W | W Rendon Crowley Rd | 2004 | 6,830 | 0.42 mi |
| South Fwy | Huguley Blvd | 2004 | 10,390 | 0.43 mi |
| I- 35 W | E Rendon Crowley Rd | 2004 | 9,094 | 0.47 mi |
| West Rendon Crowley Road | W Rendon Crowley Rd | 2022 | 33,304 | 0.50 mi |
| N Burleson Blvd | Alsbury Blvd | 2004 | 5,110 | 0.57 mi |
| South Freeway | Pace Alsbury Ct | 2022 | 6,558 | 0.63 mi |
| South Freeway | Alsbury Blvd | 2020 | 116,980 | 0.65 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
