EXCLUSIVE NET-LEASED OFFERING · EXCLUSIVE NET-LEASED OFFERING RENT SCHEDULE Annual Rent Annual...
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EXCLUSIVE NET-LEASED OFFERING STARBUCKS TROPHY LOCATION | NEW 10-YR EXTENSION 7840 NW 25TH ST DORAL, FL 33122 OFFERING SUMMARY Price $3,865,000 Net Operating Income $154,724 Capitalization Rate 4.00% Price/SF $2,128.30 Net Cash Flow 4.00% / $154,724 Down Payment All Cash Cash on Cash Return 4.00% Rent/SF $85.20 Gross Leasable Area 1,816 SF Year Built/Renovated 2008 Lot Size 0.31 acre(s) LEASE SUMMARY Tenant Starbucks Credit Rating A2 Lease Type NN Lease Commencement 3/1/2008 Lease Expiration 2/29/2028 Lease Term Remaining 10.4 Years Options 3/1/2028-2/28/2033 3/1/2033-2/28/2038 3/1/2038-2/28/2043 3/1/2043-2/29/2048 THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. (Activity ID: Y0391006 Property ID: 3268273)
Transcript of EXCLUSIVE NET-LEASED OFFERING · EXCLUSIVE NET-LEASED OFFERING RENT SCHEDULE Annual Rent Annual...
EXCLUSIVE NET-LEASED OFFERING
STARBUCKS TROPHY LOCATION | NEW 10-YR EXTENSION7840 NW 25TH STDORAL, FL 33122
OFFERING SUMMARY
Price $3,865,000Net Operating Income $154,724Capitalization Rate 4.00%Price/SF $2,128.30Net Cash Flow 4.00% / $154,724Down Payment All CashCash on Cash Return 4.00%Rent/SF $85.20Gross Leasable Area 1,816 SFYear Built/Renovated 2008Lot Size 0.31 acre(s)
LEASE SUMMARY
Tenant Starbucks
Credit Rating A2
Lease Type NN
Lease Commencement 3/1/2008
Lease Expiration 2/29/2028
Lease Term Remaining 10.4 Years
Options
3/1/2028-2/28/20333/1/2033-2/28/20383/1/2038-2/28/20433/1/2043-2/29/2048
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. (Activity ID: Y0391006 Property ID: 3268273)
EXCLUSIVE NET-LEASED OFFERING
RENT SCHEDULE
Annual Rent Annual Rent/SF Monthly Rent Year Percent Increase
$154,724 $85.20 $12,894 Current N/A
$154,724 $85.20 $12,894 3/1/2018-2/28/2023 0.00%
$170,196 $93.72 $14,183 3/1/2023-2/29/2028 10.00%
DEMOGRAPHICS
1 Miles 3 Miles 5 Miles
2016 Population 54 121,388 457,416
2010 Population 3 111,921 430,851
2016 Households 21 43,446 155,677
2010 Households 2 40,107 147,056
Average HH Income $90,088 $61,731 $60,473
STARBUCKS TROPHY LOCATION | NEW 10-YR EXTENSION7840 NW 25TH STDORAL, FL 33122
INVESTMENT HIGHLIGHTS
§ Great Exposure With Excellent Visibility
§ 10% Increase in Rent in March 2023
§ Drive-Through Location
§ Investment Grade Corporate Guaranteed Tenant | A2 Moody's Credit Rating
§ New Jackson West Medical Center Being Built Across the Street
§ Located Directly on NW 25th Street, Which Provides Traffic Counts of Over
30,000 VPD
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. (Activity ID: Y0391006 Property ID: 3268273)
