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Views: 128 DOM: 292 Updated: 10.10.24 Posted: 02.02.24 Status: Contract 09.25.24

Summary

Price $3,660,085
Built/Renov 2023
Tenant Amici
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,696
Lease Start 05-01-2024
#Units 14
Price/SF $642.57
Expiration 04-30-2039
Tenant Type Casual Dining
NOI $256,206
R. Term 14.5
Ownership Fee Simple
Rent/SF $44.98
Increases 2.0%/1/yrs
Pop 5Mi 39,439
Lot/AC 1.32
Options 2/5yrs/2%
AHHI 5Mi $88,447

Lease Highlights

  • Brand-new 2023 construction
  • Amici recently signed a brand-new 15-year lease with 2 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Amici is strategically located at the hard corner intersection of Buttonwood Lane and Alcovy Road, with a combined daily traffic count of 11,500 vehicles. Furthermore, this site offers the added convenience of being positioned within one mile of the Interstate 20 on-ramp (58,800 VPD). The area surrounding the site is widely recognized as one of the nation's most desirable industrial markets,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Amici
  • Guarantor:Corporate
  • Company:Amici
  • # Units:14
  • Stock:Private

About Tenant

Amici is a regional pizza chain known for its hand-tossed Neapolitan-style pizza, award-winning hot wings, subs, and fun atmosphere. In addition to its signature menu, each Amici establishment...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 533 16,255 39,606
2023 Total Population : 437 13,970 36,377
2023 Employed Civilian Pop : 148 5,822 16,700
2023 Total Businesses : 87 1,194 1,665
2023 Average Household Income : $ 90,804 $ 88,521 $ 88,358
2023 Total Consumer Spending : $ 12 M $ 391 M $ 1041 M
2023 Median Age : 41 37 37
2023 Total Households : 158 5,010 13,488
2023 Pop Age 25+: Bachelor's Degree : 17 1,242 3,568
2023 Average Home Value : $ 255,734 $ 281,919 $ 263,372
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
John R. Williams Highway Industrial PkBlvd NE 2021 13,000 0.32 mi
Alcovy Rd Harland Dr NE 2003 3,280 0.33 mi
Harland Drive Northeast Industrial PkBlvd NE 2021 900 0.38 mi
City Pond Rd 2021 1,380 0.76 mi
City Pond Rd Roberts Way 2005 12,060 0.77 mi
Independence Dr 2021 5,280 0.91 mi
Industrial Dr NE 2021 3,970 0.92 mi
John R Williams Hwy 2021 5,390 0.99 mi
Industrial Dr NE 2021 1,100 1.02 mi
John R Williams Hwy Industrial Park Blvd NE 2019 4,870 1.09 mi

Listing Broker

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