Listed by One Sotheby’s International Realty, MPGA Family Office Brokerage LLC
$2,499,000
Church's Chicken NNN - Miami
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,529
Net Rentable (SqFt) 1,529
Cap Rate 2.84%
NOI $71,029
Occupancy 100%
Tenancy Single
Brand/Tenant Church's Chicken
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/23/2030
Remaining Term 4.2
Rent Bumps Yes
Lease Options 3 x 5 Years
Year Built 1972
Stories 1
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/24/2010
Retail | Corporate Guarantee National Tenant | Miami
Marketing description
Great Opportunity to acquire a well located NNN in Miami, next to I-95.
Corporate tenant (Church's Chicken) in the same place since 1972.
3 Options of 5 Years with annual increase (1.5%).
Listing Contacts
Listed by One Sotheby’s International Realty, MPGA Family Office Brokerage LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,029.00
$5,919.08/mo
Valuation Metrics
0
DSCR
2.84%
Cap Rate
2.84%
ROI
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