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Views: 54 DOM: 97 Updated: 11.05.24 Posted: 08.16.24 Status: Active

Summary

Price $3,380,000
Built/Renov 2024
Tenant Bubba's 33 (GL)
Cap Rate 5.00%
Lease Type NN+
Guarantor Corp Traded
Size/SF 7,575
Lease Start 12-01-2024
#Units 48
Price/SF $446.20
Expiration 12-31-2039
Tenant Type Casual Dining
NOI $169,000
R. Term 15.1
Ownership Ground Lease
Rent/SF $22.31
Increases 10.0%/5/yrs
Pop 5Mi 147,048
Lot/AC 1.08
Options 3/5yrs/10%
AHHI 5Mi $98,825

Lease Highlights

  • Brand-new 2024 construction | Scheduled to begin soon
  • New 15-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • NNN lease | Landlord responsible for CAM charges (subject to tenant reimbursement)
  • Corporate guaranteed lease (NASDAQ: TXRH)

Location Description

Bubba’s 33 is strategically located on Southpointe Boulevard, a major retail thoroughfare with access to a high daily traffic count of 46,700 vehicles. The property will be an outparcel to a future Hy-Vee grocery store-anchored center, which will also include well-known national tenants such as Panera Bread and Bank of America. Additionally, it is situated less than a mile from both a Walmart...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Bubba's 33 is a casual dining restaurant chain known for its vibrant, family-friendly atmosphere and a menu that features a variety of American dishes, including burgers, pizza, wings, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,059 58,369 146,737
2024 Total Population : 7,994 57,685 145,164
2024 Employed Civilian Pop : 3,813 30,991 76,066
2024 Total Businesses : 272 1,127 3,545
2024 Average Household Income : $ 97,354 $ 110,873 $ 104,321
2024 Total Consumer Spending : $ 294 M $ 2210 M $ 5284 M
2024 Median Age : 43 41 40
2024 Total Households : 3,472 22,893 57,891
2024 Pop Age 25+: Bachelor's Degree : 1,062 9,823 24,597
2024 Average Home Value : $ 325,657 $ 302,320 $ 298,717
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Wingfield Rd Wingfield Ave 2010 20 0.08 mi
Bardstown Rd Wingfield Ave 2012 43,500 0.17 mi
Bardstown Rd 2022 7,124 0.21 mi
2015 5,622 0.21 mi
I- 265 2022 2,568 0.22 mi
I-265 RAMP from US 31E Bardstown Rd 2021 2,568 0.22 mi
Bardstown Rd 2022 9,151 0.30 mi
Brentlinger Ln Bardstown Rd 2012 5,400 0.31 mi
Cedar Creek Rd Adair Creek Dr 2012 2,100 0.32 mi
Bardstown Rd 2022 13,422 0.34 mi

Listing Broker

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