POPEYES | New Construction - Verdad Real Estate
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OFFERING MEMORANDUM
Net Leased Restaurant
Brand New 2018 Construction
New 15-Year Absolute NNN Lease
Income Tax-Free State of Florida
POPEYES | New Construction
Sailormen, Inc. Guarantee | $185MM Annual Sales
605 N Krome Avenue
International Gateway of Miami-Dade County
Homestead, FL 33030
CONFIDENTIALITY AND DISCLAIMER NOTICE
DISCLAIMER
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be
reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no
guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently
confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this
investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in
this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be
evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property
to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors
must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not
a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities Or newly-acquired locations, may be set based on a tenant’s projected sales with little or
no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with
other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is
responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant
if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate With a potential replacement tenant considering the location of the property, and
Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any
kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be
made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective
purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due Diligence investigation. Marcus & Millichap
has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the
size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance With State and Federal regulations, the physical
condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information
contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein,
nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information
provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENTS
Marcus & Millichap Real Estate Investment Services, Inc ("Marcus & Millichap") is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package.
The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries,
or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
TABLE OF CONTENTS OFFERING MEMORANDUM Financial Overview 4 Investment Summary 5 Company Overview 6 Site Plan 7 Site Survey 8 Site Images 9 Surrounding Retailers 10 Retail Aerial 11-14 Location Overview 15-18 Location Map 19
POPEYES | HOMESTEAD, FL
FINANCIAL OVERVIEW ANNUALIZED OPERATING DATA
PRICE: $2,700,000 | RENT: $148,531
Property Address 605 N Krome Avenue
Annual Rent $148,531
City, State, Zip Homestead, FL 33030
Estimated Building Size (SF) 2,287 Rental Escalations 10% Every 5 Years
Lot Size SF/Acres 20,578 SF | .47 Acre (s) Average Cap Rate 7.87%
Year Built 2018
Rent p/SF $64.95
RENT SCHEDULE ANNUAL RENT MONTHLY RENT CAP RATE
LEASE SUMMARY
YEAR 1-5 $148,531 $12,378 5.50%
Property Type Net Leased Restaurant
Ownership Private YEAR 6-10 $163,384 $13,615 6.05%
Tenant Sailormen, Inc.
YEAR 11-15 $179,723 $14,977 6.66%
Guarantor 94+Unit Franchisee
Lease Commencement Date Earlier of when tenant opens for business or 30 days following Option I
notice of work completed. Estimated Opening $197,695 $16,475 7.32%
date of August 28, 2018 Years 16-20
Lease Expiration 15 Years Thereafter Option II
$217,464 $18,122 8.05%
Lease Term Remaining 15Years Years 21-25
Lease Type NNN Option III
$239,211 $19,934 8.86%
Roof & Structure Tenant Responsibility Years 26-30
FINANCIAL OVERVIEW
Option IV
Options to Renew Five 5-Year Options $263,132 $21,928 9.75%
Years 31-35
Base Term Rental Escalations 10% Every Five Years
Option V
Percentage Rent No $289,445 $24,121 10.72%
Years 36-40
Right of First Refusal Yes
4
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422
POPEYES | HOMESTEAD, FL
INVESTMENT SUMMARY
Brand New 15-Year
Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-
net lease Popeyes Louisiana Kitchen Restaurant investment opportunity located at 605 N
NNN Lease
Krome Avenue, Homestead, Florida. The property consists of .47-acre improved with an
approximately 2,287-square foot building. The newly constructed restaurant has a brand new
15-year lease in place with Sailormen, Inc, one of the largest domestic franchisees of Popeyes
Louisiana Kitchen restaurants, currently operating 94 Popeyes in Florida and Georgia with
approximately 10 new stores slated to open by August 28th, 2018. Annual base rent is set at
Zero
$148,531, with 10 percent rental increases every five years in the base term, as well as the
five five-year renewal options.
Landlord
Located in the heart of developing Downtown Homestead, this brand new Popeye’s
will be an offset of an existing site, relocating blocks from the new Homestead Station
Responsibility
breaking ground in 2018. The Station will feature a Showbiz Cinemas family entertainment
center with movies, bowling, video arcade, transit center and parking garage and is part of
an overall effort to revitalize Downtown Homestead with other recent projects that include
94+Unit
the restored Seminole Theatre, new City Hall and new Police Headquarters. It is also
located less than seven miles from the Homestead Air Reserve Base, a presence that
currently reports nearly 1,100 full-time employees who live in the Homestead and South-
Dade communities and another 1,700 Air Force reservists who drill monthly at the base.
The restaurant is also six miles from the NASCAR Championship’s Homestead-Miami
Speedway, the epicenter for motorsports in South Florida.
Guarantee
FRANCHISEE HIGHLIGHTS
Tenant is a Seasoned Operator, Largest Popeyes Franchisee in the Southeast
INVESTMENT OVERVIEW
Long-Term Lease with Strong Rental Escalations
Brand New 2018
Established QSR Brand Acquired by Burger King’s Parent Company in 2017
Construction
True Triple-Net Investment with Zero Landlord Responsibilities
5
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422
POPEYES | HOMESTEAD, FL
Sailormen, Inc.
Sailormen, Inc was founded in 1987 with 10 stores and grew to over 150 stores
with over $185MM in revenue in Florida, Georgia, Mississippi, Alabama and
Louisiana. In 2018, Sailormen divested its stores in Mississippi, Alabama and
Louisiana to concentrate on its new store development in both Florida and
Georgia. Currently, Sailormen operates 94 Popeyes in Florida and Georgia with
approximately 10 new stores slated to open by the end of 2018.
Sailormen is the recipient of numerous brand awards and its Executives
participate on numerous Franchisee Committees including Marketing, Operations,
Development and Technology. In addition to their success as a Popeyes General Information
Tenant Name Popeyes
franchisee, the longtime partners also own and operate over 50 Burger King and
Headquartered Atlanta, GA
Taco Bell restaurants through affiliated companies and have numerous real President Alexandre de Jesus Santoro
estate holdings. Website www.popeyes.com
Popeyes Louisiana Kitchen Parent Company Restaurant Brands
International, Inc.
Founded in New Orleans in 1972, Popeyes® has more than 40 years of history Credit Rating B1
and culinary tradition. Popeyes distinguishes itself with a unique New Orleans Financial Markets
style menu featuring spicy chicken, chicken tenders, fried shrimp and other Stock Ticker QSR
regional items. The chain’s passion for its Louisiana heritage and flavorful 2016 Sales $18,209.2 MM
Current Price $65.87 as of 11/21/2017
authentic food has allowed Popeyes to become one of the world’s largest quick
COMPANY OVERVIEW
52 Wk High/Low $68.89/$46.02
service restaurant chicken concepts with over 2,600 restaurants in the U.S. and
around the world. In March 2017, Popeye’s was acquired by Restaurant Brands Store Base
Store Count 20,351
International, Inc. (NYSE/TSX: QSR, TSX: QSP) the third largest operator of fast
No. of Employees 30,300
food restaurants in the world.
TTM Sales $4,145,800 B
6
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422
POPEYES | HOMESTEAD, FL
Popeyes Franchisee Helps Raise
Over $1M for MDA
July 26, 2018
Sailormen Inc., one of the largest domestic franchisees of Popeyes Louisiana Kitchen restaurants, and the Muscular
Dystrophy Association announced that the annual MDA Golf Classic and the 2018 “Appetite for a Cure” program have
raised a record-breaking $1,007,789 to save and transform the lives of kids and adults with muscular dystrophy, ALS and
related life-threatening diseases that severely weaken muscle strength and mobility.
The Sailormen Inc., Golf Classic celebrated its 14th anniversary on May 10 in Miami Lakes, Fla. at Don Shula’s Golf and
Country Club. More than 60 companies sponsored the premier golf event that raised a total $261,407 to help families
served by MDA.
Additionally, this year's “Appetite for a Cure” program ran from Jan. 29 through March 18 at participating Popeyes
restaurants in South Florida and across the Southeast. The program raised $746,382, through the sale of $1 coupon cards
worth $30 to be used toward free and discounted purchases during future visits to Popeyes. The commitment of Sailormen
Corporate and all of their employees to MDA’s mission contributed to the fundraising increase of nearly $200,000 over
2017.
“Our dedicated employees, loyal customers, and supportive business partners are essential to making these events for
MDA a huge success,” says Sailormen Inc. CEO Kara Nordstrom. “For 14 years, we have brought people together to
spread awareness and support MDA kids and adults. Through the Sailormen, Inc Golf Tournament and our ‘Appetite for a
Cure’ campaign, I am proud to say we surpassed our $1,000,000 goal. This is great momentum as we head into our
partnership’s 15th anniversary in 2019.”
COMPANY OVERVIEW
Funds raised during the annual coupon program and golf tournament help MDA fund groundbreaking research and life-
enhancing services such as the MDA Care Center at the University Of Miami School Of Medicine. It also helps send kids,
ages 8-17, to “the best week of the year” at barrier-free MDA Summer Camp.
“The Sailormen community of employees and customers is incredibly powerful when they mobilize for a cause they care
about,” adds MDA National Director Cheryl Kunkle. “For more than 14 years, MDA’s mission has aligned with Sailormen’s
vision as a mission-driven company and we so thankful for their longstanding support.”
7
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422
POPEYES | HOMESTEAD, FL
SITE PLAN
SITE PLAN
8
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422
POPEYES | HOMESTEAD, FL
SITE SURVEY
SITE SURVEY
9
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422
POPEYES | HOMESTEAD, FL
Visit Link for Live Construction Feed:
http://www.ibeamsystems.com/private/verconnect/popeyes530/live.html
PROPERTY IMAGES
1
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
NEARBY RETAILERS
11
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
First United
Methodist Church
Krome Ave
17,800 VPD Subject
Property
RETAIL AERIAL
12
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
City of Homestead
City Hall
High Density
Local Tenant
Retail Area
Krome Ave
Subject 17,800 VPD
Property
RETAIL AERIAL
13
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
Miami Dade College
Homestead Campus
(21,075 Students)
City of Homestead
City Hall
Subject
Property
Krome Ave
17,800 VPD
RETAIL AERIAL
14
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
High Density Residential
Homestead Middle School
(682 Students)
Krome Ave
17,800 VPD
Subject
RETAIL AERIAL
Property
15
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
DEMOGRAPHICS
POPULATION 1-MILE 3-MILES 5-MILES
2021 Projection 21,319 111,405 163,513
2016 Estimate 20,598 101,166 146,420
2010 Census 18,081 88,325 125,702
INCOME 1-MILE 3-MILES 5-MILES
Average $37,694 $52,089 $53,513
Median $27,139 $36,427 $38,749
Per Capita $10,895 $15,859 $16,011
HOUSEHOLDS 1-MILE 3-MILES 5-MILES
2021 Projection 6,193 34,821 49,824
2016 Estimate 5,841 30,586 43,392
2010 Census 5,296 27,215 37,974
Homestea d is a bea utiful pla ce to live and work. In this city, sunny days are the
norm a nd the a vera ge tempera ture is 75 degrees. Miami is only thirty miles
north of Homestea d, home to a major international airport and one of the
country’s most vibra nt a nd cultura lly rich cities.
Homestea d is a dja cent to two na tional parks. Ten miles west of Homestead is a
wea lth of natura l bea uty: Everglades National Park. The Everglades are home to
vast mangrove forests a nd wa tery saw grass plains. The Everglades are truly a
subtropica l wilderness tha t shelters alligators, ibis, eagles, manatees, and
pa nthers. Ea st of the city is Bisca yne National Park encompassing the bay,
ba rrier isla nds, a nd cora l reefs. Just south of the city are the Florida Key’s with
LOCATION OVERVIEW
a n a bunda nce of recreationa l a ctivities.
The hometown a tmosphere in Homestead that welcomes visitors comes from a
community tha t is proud of the ongoing accomplishments that make the City of
Homestea d a desira ble pla ce to live, work, and raise a family. The City of
Homestea d offers a unique sma ll- town atmosphere with all the amenities of a
big city. Welcome to Homestea d: truly a great place to live and work!
16
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
MIAMI-DADE DEMOGRAPHICS
OVERVIEW
Miami-Dade County is a gateway to South American and Caribbean
markets and a tourist destination. The 2,400-square-mile county
extends from the Florida Everglades east to the Atlantic Ocean. It is
bordered to the north by Broward County and to the south by the
Florida Keys. The main portion of the city of Miami lies on the shores of
Biscayne Bay and is separated from the Atlantic Ocean by barrier
islands, the largest of which holds the city of Miami Beach. The metro,
with a population of roughly 2.7 million, is located entirely within Miami-
Dade County. Miami is the most populous city, with slightly more than
440,700 residents, followed by Hialeah and Miami Gardens, each with
more than 100,000 people.
METRO HIGHLIGHTS
BUSINESS-FRIENDLY ENVIRONMENT
The metro has no local business or personal income
taxes, which attracts businesses and residents to
the area.
INTERNATIONAL GATEWAY
Miami is a gateway for international trading
activities, tourism and immigration, connecting to
airports and ports around the world.
MARKET OVERVIEW
MEDICAL COMMUNITY
The county contains the largest concentration of
medical facilities in Florida, drawing residents
needing services throughout the state.
17
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
DEMOGRAPHICS
ECONOMY
Various industries provide a diverse economy. Trade, international finance, healthcare and
entertainment have become major segments in the local business community.
A strong tourism industry has developed with ties to Latin America and the Caribbean.
Tourism and trade depend on a large transportation sector. PortMiami and Miami
International Airport are both major contributors to employment and the economy.
The Miami metro gross metropolitan product (GMP) expansion is expected to outpace the
U.S. GDP in 2018 and retail sales for the county are also rising.
MAJOR AREA EMPLOYERS
Baptist Health South Florida
University of Miami
American Airlines
Miami Children’s Hospital
Publix Supermarkets
Winn-Dixie Stores
Florida Power & Light Co.
Carnival Cruise Lines
AT&T
* Forecast
Mount Sinai Medical Center
SHARE OF 2017 TOTAL EMPLOYMENT
4% 14% 12% 12% 7%
MARKET OVERVIEW
MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
BUSINESS SERVICES
25%
TRADE, TRANSPORTATION CONSTRUCTION
4% + 16%
EDUCATION AND INFORMATION
2% OTHER SERVICES
5%
AND UTILITIES HEALTH SERVICES
18
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
DEMOGRAPHICS
DEMOGRAPHICS
The metro is expected to add nearly 117,400 people over the next five years. During
the same period, approximately 64,000 households will be formed, generating SPORTS
demand for housing.
The homeownership rate of 53 percent is below the national rate of 64 percent,
maintaining a strong rental market.
The cohort of 20- to 34-year-olds composes 21 percent of the population.
2017 Population by Age
6% 17% 7% 28% 27% 16%
0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS
EDUCATION
2017 2017 2017 2017 MEDIAN
POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME:
2.7M 940K 39.7 $44,300
Growth Growth U.S. Median: U.S. Median:
2017-2022* 2017-2022*:
4.3% 6.7% 37.8 $56,300
QUALITY OF LIFE
Miami-Dade County has developed into a cosmopolitan urban area offering a vibrant
business and cultural community. The metro has an abundance of popular attractions. Miami
hosts the Capital One Orange Bowl and is home to several professional sports teams, ARTS & ENTERTAINMENT
including the Miami Dolphins, the Miami Marlins and the Miami Heat. The county has a
broad array of cultural attractions, historic sites and parks. These include the Adrienne Arsht
Center for the Performing Arts, Zoo Miami and Everglades National Park. The region is
MARKET OVERVIEW
home to a vibrant and diverse culture, family-friendly neighborhoods, a plethora of shops
and restaurants, and beautiful weather and beaches. It also offers easy access to Latin
America and the Caribbean.
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
19
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422POPEYES | HOMESTEAD, FL
MSA Population
6,012,331
Representative Photo
Population of The Florida Keys
LOCATION MAP
73,090
20
This information has been secured from sources we believe to believable, but we make no representations or warranties, expressed 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. Any projections, opinions, assumptions or estimates used here in are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service
mark of Marcus & Millichap Real Estate Investment Services,Inc.©2013 Marcus & Millichap ACT ID # Z0390422exclusive listing
Popeyes | Homestead, FL
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