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| Price $857,000 | Built/Renov 2024 | Tenant AutoZone (GL) |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
7,381
| Lease Start
02-01-2024
| #Units
6,943
|
| Price/SF $116.11 | Expiration
01-31-2039
| Tenant Type Automotive |
| NOI $45,000 | R. Term 14.3 | Ownership Ground Lease |
| Rent/SF
$6.10
| Increases 6.0%/5/yrs | Pop 5Mi 10,048 |
| Lot/AC 1.91 | Options 4/5yrs/6% | AHHI 5Mi $77,013 |
| | |
This newly constructed 7-Eleven is strategically located at the signalized, hard corner intersection of Olive Avenue and California Highway 59 with access to over 38,000 vehicles per day. The property consists of a 4,088 square foot retail space, a single row canopy with four fueling stations, eight pumps, and ample parking on a large 1.15-acre parcel. The site benefits from its location along...
...New construction
Dense retail corridor
Highway location
Major MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant
AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,580 | 4,846 | 9,916 |
| 2023 Total Population : | 2,549 | 4,726 | 9,550 |
| 2023 Employed Civilian Pop : | 1,034 | 1,933 | 4,024 |
| 2023 Total Businesses : | 77 | 142 | 211 |
| 2023 Average Household Income : | $ 74,056 | $ 73,590 | $ 83,986 |
| 2023 Total Consumer Spending : | $ 66 M | $ 121 M | $ 277 M |
| 2023 Median Age : | 43 | 44 | 44 |
| 2023 Total Households : | 1,057 | 1,927 | 3,810 |
| 2023 Pop Age 25+: Bachelor's Degree : | 312 | 618 | 1,256 |
| 2023 Average Home Value : | $ 252,349 | $ 231,230 | $ 261,395 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Main St | W 3rd St | 2013 | 561 | 0.11 mi |
| W Main St | Parker St | 2013 | 448 | 0.16 mi |
| West Highway 31 | Broad St | 2021 | 15,335 | 0.23 mi |
| North Broad Street | Hwy 31 | 2021 | 4,103 | 0.26 mi |
| Broad St | Noonday Rd | 2013 | 9,769 | 0.28 mi |
| East Highway 31 | Jones St | 2021 | 22,859 | 0.30 mi |
| Noonday Rd | Broad St | 2013 | 724 | 0.37 mi |
| Martin St | Broad St | 2013 | 1,251 | 0.41 mi |
| Hilltop Dr | Cook St | 2013 | 112 | 0.52 mi |
| Susie St | Crestview St | 2013 | 444 | 0.60 mi |
Raleigh, NC
Cap Rate 6.00%
Lease Abs NNN
R. Term 9.10 yrs
Size/SF 5,700
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
