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| Price $5,054,000 | Built/Renov 2020 | Tenant ModWash |
| Cap Rate 6.10% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,924
| Lease Start
11-18-2020
| #Units
87
|
| Price/SF $1,287.97 | Expiration
11-17-2040
| Tenant Type Automotive |
| NOI $308,311 | R. Term 16.2 | Ownership Fee Simple |
| Rent/SF
$78.57
| Increases 1.3%/1/yrs | Pop 5Mi 38,879 |
| Lot/AC 2.23 | Options 6/5yrs/1.25% | AHHI 5Mi $67,496 |
| | |
ModWash is strategically located on Horner Boulevard, with access to 26,500 vehicles passing by daily. The property benefits from direct access onto State Highway 87 (28,000 VPD) and US Highway 421 (13,500 VPD), making it a centralized location. Additionally, it is adjacent to the Shops at Cameron Place, Southside Plaza, and Shoppes at Sanford. The surrounding national tenants include Lowe’s,...
...Build to suit
Dense retail corridor
Near major nationals
Strategically located
Highway location
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Annual rent increases
Corporate Guarantee
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,486 | 19,232 | 39,069 |
| 2023 Total Population : | 1,467 | 18,538 | 37,805 |
| 2023 Employed Civilian Pop : | 494 | 7,509 | 16,345 |
| 2023 Total Businesses : | 309 | 872 | 1,775 |
| 2023 Average Household Income : | $ 55,677 | $ 63,275 | $ 67,038 |
| 2023 Total Consumer Spending : | $ 23 M | $ 387 M | $ 847 M |
| 2023 Median Age : | 34 | 37 | 38 |
| 2023 Total Households : | 480 | 6,966 | 14,455 |
| 2023 Pop Age 25+: Bachelor's Degree : | 108 | 1,337 | 3,391 |
| 2023 Average Home Value : | $ 158,264 | $ 189,822 | $ 192,509 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Wilson Road | Hwy 87 | 2018 | 8,800 | 0.16 mi |
| South Horner Boulevard | Hwy 87 | 2021 | 26,500 | 0.17 mi |
| Wilson Rd | Hwy 87 | 2012 | 11,000 | 0.19 mi |
| Cox Maddox Rd | 2021 | 22,500 | 0.28 mi | |
| US 421 BUS | Truelove St | 2020 | 10,000 | 0.31 mi |
| 2019 | 10,500 | 0.31 mi | ||
| Rosser Road | S Horner Blvd | 2019 | 3,800 | 0.31 mi |
| Mount Pisgah Church Rd | 2021 | 11,500 | 0.34 mi | |
| Wilson Rd | Lee Ave | 2018 | 2,700 | 0.68 mi |
| US Hwy 421 | 2021 | 1,800 | 0.71 mi |
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Vero Beach, FL
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West Allis, WI
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Vail, AZ
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Marietta, GA
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Fort Pierce, FL
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Columbus, GA
Cap Rate 6.90%
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R. Term 18.60 yrs
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Palm Bay, FL
Cap Rate 6.50%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 3,763
Woodhaven, MI
Cap Rate 6.65%
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Oregon, OH
Cap Rate 6.50%
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R. Term 19.80 yrs
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Arvada, CO
Cap Rate 6.75%
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Brooksville, FL
Cap Rate 6.50%
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Size/SF 5,538
Niceville, FL
Cap Rate 6.50%
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Size/SF 5,376
Marietta, GA
Cap Rate 6.86%
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R. Term 18.40 yrs
Size/SF 3,206
Victorville, CA
Cap Rate 6.75%
Lease Abs NNN
R. Term 19.60 yrs
Size/SF 5,400
Springfield, OH
Cap Rate 6.25%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 3,345
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
