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Restaurant

Miller's Ale House I Trophy Location I Record Sales

11795 Pines Blvd, Pembroke Pines, FL 33026

Listing Price: $6,084,487

Cap Rate
5.14%
Tenant Name
Miller's Ale House
Years Remaining On Lease
9.5
Gross SF
5,698
Guarantor
Corporate Guarantee
Rentable SF
5,698
Price/Gross SF
$1,067.83
Lease Type
Absolute Net
Rent Per Square Feet
$54.90

Investment Overview

-Rare Trophy South Florida Real Estate: Absolute NNN Miller’s Ale House Featuring an Irreplaceable Location on a Heavily Trafficked Section of Pines Boulevard (46,500 Vehicles Per Day (VPD)) at a Signalized Intersection ?-Record Sales Performance for 2021: Sales are Currently on Pace for a Record Year with Exceptional Activity in Each Month of 2021 Providing an Impressive Rent/Sales Ratio and Healthy Tenant Profits ?-New 10-Year Lease and Tenant Renovations: Tenant Signed a 10-Year Lease Extension with Attractive Rent Increases to Protect Against Inflation and is Currently Renovating the Structure at its Own Expense Demonstrating Long-Term Commitment ?-Highly Trafficked Retail and Medical Corridor: Site Securely Anchored by Pembroke Lakes Mall, a 1.1 Million SF Shopping Mall, the 262,000+ SF Pembroke Crossing Power Center, and and Memorial West Hospital with Nearly 500-Beds ?-Robust Population Growth and Demographics: Over 384,000 People within a 5-Mile Radius with an Average Annual Household Income Exceeding $89,000 and Robust Growth of Nearly 4 Percent Projected Within a 1-Mile Radius by 2025 ?-Strong Corporate Guarantee: Corporately Guaranteed by Miller’s Ale House, Inc., a Thriving Florida Based Restaurant and Sports Bar with Over 98 Locations in 12 States and Plans to Expand Annually by 8-10 Units

Investment Highlights

  • Rare Trophy South Florida Real Estate: Absolute NNN Miller's Ale House Featuring an Irreplaceable Location on a Heavily Trafficked Section of Pines Boulevard (46,500 Vehicles Per Day (VPD))
  • Record Sales Performance for 2021: Sales are Currently on Pace for a Record Year with Exceptional Activity in Each Month of 2021 Providing an Impressive Rent/Sales Ratio and Healthy Tenant Profits
  • New 10-Year Lease and Tenant Renovations: Tenant Signed a 10-Year Lease Extension with Attractive Rent Increases to Protect Against Inflation and is Renovating the Structure at its Own Expense
  • Highly Trafficked Retail and Medical Corridor: Site Securely Anchored by Pembroke Lakes Mall, a 1.1 Million SF Shopping Mall, the 262,000+ SF Pembroke Crossing Power Center, and and Memorial West Hospital with Nearly 500-Beds
  • Robust Population Growth and Demographics: Over 384,000 People within a 5-Mile Radius with an Average Annual Household Income Exceeding $89,000 and Robust Growth of Nearly 4 Percent Projected Within a 1-Mile Radius by 2025
  • ?Strong Corporate Guarantee: Corporately Guaranteed by Miller's Ale House, Inc., a Thriving Florida Based Restaurant and Sports Bar with Over 98 Locations in 12 States and Plans to Expand Annually by 8-10 Units

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Restaurant

Miller's Ale House I Trophy Location I Record Sales

Listing Price: $6,084,487

Cap Rate
5.14%
Tenant Name
Miller's Ale House
Years Remaining On Lease
9.5
Gross SF
5,698
Guarantor
Corporate Guarantee
Rentable SF
5,698
Price/Gross SF
$1,067.83
Lease Type
Absolute Net
Rent Per Square Feet
$54.90

Investment Highlights

  • Rare Trophy South Florida Real Estate: Absolute NNN Miller's Ale House Featuring an Irreplaceable Location on a Heavily Trafficked Section of Pines Boulevard (46,500 Vehicles Per Day (VPD))
  • Record Sales Performance for 2021: Sales are Currently on Pace for a Record Year with Exceptional Activity in Each Month of 2021 Providing an Impressive Rent/Sales Ratio and Healthy Tenant Profits
  • New 10-Year Lease and Tenant Renovations: Tenant Signed a 10-Year Lease Extension with Attractive Rent Increases to Protect Against Inflation and is Renovating the Structure at its Own Expense
  • Highly Trafficked Retail and Medical Corridor: Site Securely Anchored by Pembroke Lakes Mall, a 1.1 Million SF Shopping Mall, the 262,000+ SF Pembroke Crossing Power Center, and and Memorial West Hospital with Nearly 500-Beds
  • Robust Population Growth and Demographics: Over 384,000 People within a 5-Mile Radius with an Average Annual Household Income Exceeding $89,000 and Robust Growth of Nearly 4 Percent Projected Within a 1-Mile Radius by 2025
  • ?Strong Corporate Guarantee: Corporately Guaranteed by Miller's Ale House, Inc., a Thriving Florida Based Restaurant and Sports Bar with Over 98 Locations in 12 States and Plans to Expand Annually by 8-10 Units

Investment Overview

-Rare Trophy South Florida Real Estate: Absolute NNN Miller’s Ale House Featuring an Irreplaceable Location on a Heavily Trafficked Section of Pines Boulevard (46,500 Vehicles Per Day (VPD)) at a Signalized Intersection ?-Record Sales Performance for 2021: Sales are Currently on Pace for a Record Year with Exceptional Activity in Each Month of 2021 Providing an Impressive Rent/Sales Ratio and Healthy Tenant Profits ?-New 10-Year Lease and Tenant Renovations: Tenant Signed a 10-Year Lease Extension with Attractive Rent Increases to Protect Against Inflation and is Currently Renovating the Structure at its Own Expense Demonstrating Long-Term Commitment ?-Highly Trafficked Retail and Medical Corridor: Site Securely Anchored by Pembroke Lakes Mall, a 1.1 Million SF Shopping Mall, the 262,000+ SF Pembroke Crossing Power Center, and and Memorial West Hospital with Nearly 500-Beds ?-Robust Population Growth and Demographics: Over 384,000 People within a 5-Mile Radius with an Average Annual Household Income Exceeding $89,000 and Robust Growth of Nearly 4 Percent Projected Within a 1-Mile Radius by 2025 ?-Strong Corporate Guarantee: Corporately Guaranteed by Miller’s Ale House, Inc., a Thriving Florida Based Restaurant and Sports Bar with Over 98 Locations in 12 States and Plans to Expand Annually by 8-10 Units

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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