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| Price $3,749,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 6.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
2,500
| Lease Start
06-28-2024
| #Units
38,038
|
| Price/SF $1,499.60 | Expiration
06-30-2034
| Tenant Type Fast Food/QSR |
| NOI $224,928 | R. Term 9.7 | Ownership Fee Simple |
| Rent/SF
$89.97
| Increases 5.0%/5/yrs | Pop 5Mi 50,065 |
| Lot/AC 0.73 | Options 6/5yrs/5% | AHHI 5Mi $116,156 |
| | |
Starbucks is strategically located at the signalized, hard-corner intersection of Van Avenue and US Highway 98, with access to a combined daily traffic count of 34,900 vehicles. The property is conveniently situated directly across from a Chevrolet dealership and is surrounded by well-known national tenants including Target, Chick-fil-A, Chipotle, Verizon, Waffle House, and more. The 5-mile...
...New construction
Signalized intersection
Dense retail corridor
Near major nationals
Strategically located
Affluent AHHI $100K 5 Mi
Brand new lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 4,792 | 24,523 | 54,990 |
| 2024 Total Population : | 4,297 | 22,478 | 50,065 |
| 2024 Employed Civilian Pop : | 1,910 | 11,659 | 25,316 |
| 2024 Total Businesses : | 428 | 1,066 | 1,907 |
| 2024 Average Household Income : | $ 118,404 | $ 117,253 | $ 116,156 |
| 2024 Total Consumer Spending : | $ 192 M | $ 917 M | $ 2005 M |
| 2024 Median Age : | 46 | 41 | 42 |
| 2024 Total Households : | 1,870 | 8,993 | 19,892 |
| 2024 Pop Age 25+: Bachelor's Degree : | 783 | 3,878 | 9,665 |
| 2024 Average Home Value : | $ 631,317 | $ 477,163 | $ 431,073 |
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R. Term 11.30 yrs
Size/SF 6,124
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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