Sold Subscription Required
| Price $5,923,000 | Built/Renov 1993 | Tenant Westar Gas Station |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
1,207
| Lease Start
11-01-2021
| #Units
40
|
| Price/SF $4,907.21 | Expiration
05-31-2045
| Tenant Type Convenience/Gas |
| NOI $414,603 | R. Term 20.8 | Ownership Fee Simple |
| Rent/SF
$343.50
| Increases 2.0%/1/yrs | Pop 5Mi 340,404 |
| Lot/AC 0.94 | Options 2/10yrs | AHHI 5Mi $89,753 |
| | |
Westar Oil is strategically located at the signalized, hard corner intersection of N. Palm Avenue and Stirling Road, averaging a combined (57,000 VPD). The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers. Moreover, the property is near Cooper City High School (2,300+ students), further increasing consumer...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Strong tenant synergy
Top 100 MSA
Income tax free state
Long 20+ yr lease
Accelerated depreciation
Annual rent increases
Corporate Guarantee
Westar Gas Stations are a chain of gas stations and mini-marts operating in south Florida. Fourteen of the Westar locations are managed by Trinity Petro LLC., an experienced petroleum operator....
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 10,286 | 123,221 | 357,810 |
| 2022 Total Population : | 10,339 | 123,228 | 355,214 |
| 2022 Employed Civilian Pop : | 5,812 | 68,253 | 191,384 |
| 2022 Total Businesses : | 464 | 6,622 | 18,154 |
| 2022 Average Household Income : | $ 150,753 | $ 117,516 | $ 102,830 |
| 2022 Total Consumer Spending : | $ 415 M | $ 4455 M | $ 11467 M |
| 2022 Median Age : | 43 | 40 | 39 |
| 2022 Total Households : | 3,302 | 44,616 | 130,345 |
| 2022 Pop Age 25+: Bachelor's Degree : | 2,116 | 21,443 | 53,268 |
| 2022 Average Home Value : | $ 438,628 | $ 406,878 | $ 379,901 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| SW 100th Ave | SW 99th Ter | 2009 | 16,500 | 0.12 mi |
| Stirling Rd | SW 103rd Ave | 2008 | 27,000 | 0.16 mi |
| SW 60th St | SW 97th Ave | 2008 | 29,000 | 0.21 mi |
| Stirling Road | NW 97th Ave | 2020 | 20,400 | 0.33 mi |
| North Palm Avenue | Cayman St | 2020 | 14,900 | 0.45 mi |
| Stirling Road | Augusta Ave | 2020 | 19,800 | 0.54 mi |
| Southwest 100th Avenue | SW 52nd St | 2020 | 18,400 | 0.71 mi |
| SW 90th Ave | Dudley Rd | 2008 | 9,300 | 0.72 mi |
| N Palm Ave | Sheridan St | 2008 | 19,300 | 0.77 mi |
| Sheridan St | NW 102nd Ter | 2009 | 24,500 | 0.98 mi |
Minneapolis, MN
Cap Rate 6.40%
Lease Abs NNN
R. Term 4.60 yrs
Size/SF 38,297
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
