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| Price $1,670,000 | Built/Renov 1987/2022 | Tenant Surf Bar |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,730
| Lease Start
11-17-2017
| #Units
6
|
| Price/SF $611.72 | Expiration
11-16-2027
| Tenant Type Fast Casual/Rest. |
| NOI $108,564 | R. Term 3.1 | Ownership Fee Simple |
| Rent/SF
$39.77
| Increases 0.0%/0/yrs | Pop 5Mi 120,324 |
| Lot/AC 0.30 | Options 0/0yrs | AHHI 5Mi $67,474 |
| | |
Surf Bar is strategically located on SE 29th Street, with access to 25,800 vehicles passing by daily. The property benefits from nearby direct on/off ramp access to Interstate 40, a major cross-country route with 67,900 VPD. It boasts excellent visibility with prominent street frontage and a large pylon sign. The immediate area features well-known national tenants, including Target, Lowe’s,...
...Recent renovation
Dense retail corridor
Near major nationals
Strategically located
Freeway close
Strong tenant synergy
Dense 100M+ pop 5 mi
Top 100 MSA
Absolute NNN
Personal guarantee
Surf Bar is a regional acai bowl and smoothie chain. The menu includes The Surf Bar's signature bowls and smoothies or you can build your own with six options for bowl bases — acai, pitaya,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,967 | 67,242 | 122,233 |
| 2023 Total Population : | 5,855 | 66,553 | 120,324 |
| 2023 Employed Civilian Pop : | 2,103 | 28,942 | 52,099 |
| 2023 Total Businesses : | 360 | 2,252 | 3,969 |
| 2023 Average Household Income : | $ 49,609 | $ 65,387 | $ 67,474 |
| 2023 Total Consumer Spending : | $ 99 M | $ 1525 M | $ 2826 M |
| 2023 Median Age : | 30 | 36 | 36 |
| 2023 Total Households : | 2,279 | 26,710 | 48,017 |
| 2023 Pop Age 25+: Bachelor's Degree : | 449 | 7,237 | 13,031 |
| 2023 Average Home Value : | $ 191,990 | $ 177,748 | $ 192,649 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Southeast 29th Street | Wheeler Pl | 2021 | 25,823 | 0.04 mi |
| S Air Depot Blvd | SE 29th St | 2015 | 18,630 | 0.16 mi |
| SE 29TH ST | Brett Dr | 2019 | 21,274 | 0.20 mi |
| West Douglas Drive | S Air Depot Blvd | 2018 | 20,632 | 0.24 mi |
| S Air Depot Blvd | W Douglas Dr | 2015 | 23,135 | 0.28 mi |
| Southeast 29th Street | Arthur Harris Dr | 2019 | 19,100 | 0.29 mi |
| SE 29th St | Brett Dr | 2015 | 21,250 | 0.29 mi |
| Southeast 29th Street | Mid-America Blvd | 2021 | 18,122 | 0.36 mi |
| I- 40 | S Air Depot Blvd | 2017 | 59,300 | 0.39 mi |
| Tinker Diagonal | W Turnbull St | 2019 | 59,300 | 0.42 mi |
North Platte, NE
Cap Rate 7.00%
Lease Abs NNN
R. Term 24.50 yrs
Size/SF 1,540
Jeffersonville, IN
Cap Rate 5.75%
Lease NN+
R. Term 9.40 yrs
Size/SF 510
Sweeny, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.30 yrs
Size/SF 1,596
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
