Cap Rate
5.50%
Price Per SF
$43
Year Built
2005
Occupancy
100%
Leasable Area
2,796 SF
NOI
$120,000
Property Type
Retail
Investment Overview
- Brand new 2014 renovations
- 10% rent increase in year 2024, and every 5-year option
- Approximately 19 years remaining on initial 20-year lease
- NNN lease with drive-thru
- Dense business, office, and medical area anchored by St. Vincent Medical Center
- Great retail synergy; other tenants included: Wendy’s, Chick-fil-A, Sonic Drive-In, Whataburger, Zaxbys, McDonald’s
- There are over 165,000 residents within a 5-mile radius
- Strong traffic counts, over 40,000 vehicles per day
- Nearby hotels include: The Marriott, Best Western Hotel, Radisson Hotel, Fairfield Inn, Hometown Inn & Suites, Extended Stay America, Holiday Inn, Candlewood Suites, and many more
- Located 0.5 mile from I-95 freeway, attracting over 130,000 vehicles per day
- Located near Samuel W. Wolfson High School with over 1,200 students enrolled