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| Price $2,133,000 | Built/Renov 2022 | Tenant Thorntons (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,500
| Lease Start
11-14-2022
| #Units
215
|
| Price/SF $387.82 | Expiration
11-13-2042
| Tenant Type Convenience/Gas |
| NOI $101,333 | R. Term 18.1 | Ownership Ground Lease |
| Rent/SF
$18.42
| Increases 3.0%/3/yrs | Pop 5Mi 98,050 |
| Lot/AC 1.63 | Options 6/5yrs/10% | AHHI 5Mi $125,017 |
| | |
Thorntons is strategically located on West Maple Street/Lincoln Highway, a major east-west thoroughfare, with access to 24,055 vehicles passing by daily. The property is conveniently situated less than one mile from the I-80 interchange (115,397 VPD). Additionally, the area boasts well-known national tenants including Ace Hardware, CVS Pharmacy, Dunkin', KFC, Walmart, and more. Several housing...
...New construction
Build to suit
Near major nationals
Highway location
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant
Thorntons, LLC (dba Thornton’s) is a leading independent chain of gas stations and convenience stores operating across multiple southern and midwestern states. Their locations typically feature...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,908 | 35,055 | 99,088 |
| 2023 Total Population : | 4,975 | 35,113 | 98,379 |
| 2023 Employed Civilian Pop : | 2,603 | 19,216 | 51,089 |
| 2023 Total Businesses : | 220 | 1,046 | 2,262 |
| 2023 Average Household Income : | $ 123,129 | $ 132,233 | $ 124,598 |
| 2023 Total Consumer Spending : | $ 205 M | $ 1404 M | $ 3556 M |
| 2023 Median Age : | 45 | 39 | 37 |
| 2023 Total Households : | 1,974 | 12,533 | 33,448 |
| 2023 Pop Age 25+: Bachelor's Degree : | 888 | 5,630 | 14,092 |
| 2023 Average Home Value : | $ 322,039 | $ 330,528 | $ 332,758 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US 30 | Veterans Pkwy | 2021 | 19,900 | 0.03 mi |
| W Maple St | Veterans Pkwy | 2013 | 21,400 | 0.13 mi |
| W Maple St | Nelson Rd | 2009 | 23,700 | 0.26 mi |
| Old Hickory Rd | Hillside Rd | 2012 | 4,450 | 0.28 mi |
| North Vine Street | 2019 | 600 | 0.29 mi | |
| Old Hickory Rd | W Maple St | 2012 | 500 | 0.34 mi |
| W Maple St | Vine St | 2007 | 25,200 | 0.34 mi |
| W Maple St | Nelson Rd | 2013 | 24,900 | 0.35 mi |
| Nelson Rd | Kris Dr | 2012 | 6,250 | 0.35 mi |
| Vine St | Manor Dr | 2004 | 5,100 | 0.36 mi |
Crestview, FL
Cap Rate 4.40%
Lease Abs NNN
R. Term 14.40 yrs
Size/SF 5,200
Vista, CA
Cap Rate 5.24%
Lease Abs NNN
R. Term 9.10 yrs
Size/SF 1,055
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
