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| Price $2,162,000 | Built/Renov 1993/2023 | Tenant Consumer Cellular |
| Cap Rate 6.25% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
5,159
| Lease Start
07-24-2023
| #Units
25
|
| Price/SF $419.07 | Expiration
01-01-2031
| Tenant Type Tel/Cell |
| NOI $135,122 | R. Term 5.11 | Ownership Fee Simple |
| Rent/SF
$26.19
| Increases 10.0%/4/yrs | Pop 5Mi 143,371 |
| Lot/AC 1.19 | Options 2/5yrs/10% | AHHI 5Mi $101,481 |
| | |
Consumer Cellular is strategically located on Veterans Memorial Parkway, with access to 107,000 vehicles passing by daily. The property serves as an outparcel to Regency Plaza, a community center anchored by Walmart Supercenter (top 10% nationwide, Placer.ai) and Sam’s Club. Regency Plaza is ranked within the top 3% of community shopping centers nationwide based on consumer traffic, according...
...Recent renovation
Dense retail corridor
Near major nationals
WalMart out-parcel
Freeway visibility
Top 100 MSA
Strong demographics
Brand new lease
Favorable NN+ lease
Corporate Guarantee
Consumer Cellular is an American postpaid mobile virtual network operator and wireless carrier that provides no-contract cell phones and service plans primarily to those 50 years and older. Its...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 11,844 | 85,215 | 146,777 |
| 2023 Total Population : | 11,830 | 83,663 | 143,567 |
| 2023 Employed Civilian Pop : | 6,960 | 45,782 | 79,481 |
| 2023 Total Businesses : | 531 | 3,053 | 5,343 |
| 2023 Average Household Income : | $ 84,141 | $ 104,743 | $ 109,599 |
| 2023 Total Consumer Spending : | $ 402 M | $ 3253 M | $ 5683 M |
| 2023 Median Age : | 39 | 40 | 41 |
| 2023 Total Households : | 5,493 | 35,946 | 60,216 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,255 | 16,239 | 28,191 |
| 2023 Average Home Value : | $ 285,466 | $ 301,074 | $ 290,422 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| I- 70 | Hawks Nest Exn | 2019 | 59,396 | 0.17 mi |
| I- 70 | Zumbehl Rd | 2019 | 61,960 | 0.18 mi |
| Veterans Memorial Parkway | Zumbehl Rd | 2022 | 7,102 | 0.19 mi |
| Veterans Memorial Pkwy | Hawks Nest Exn | 2018 | 3,989 | 0.23 mi |
| Plaza Way | Wall St | 2004 | 7,208 | 0.25 mi |
| Forest Hills Dr | Rosewall Dr | 2004 | 1,304 | 0.26 mi |
| Hawks Nest Drive | Hawks Nest Ct | 2022 | 3,784 | 0.27 mi |
| Regency Parkway | Forest Hills Dr | 2019 | 4,569 | 0.28 mi |
| Zumbehl Rd | 2022 | 9,176 | 0.34 mi | |
| West Clay Street | Zumbehl Rd | 2022 | 5,106 | 0.38 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
