Chick-fil-A - Miami, FL
Retail | 4.00% CAP | 5,908 SF
Listing Contacts
License: FL FL SL3257920
License: FL BK3120739
Active
Asking Price: $9,625,000
Listing Broker NamePatrick Nutt
Brokerage NameSRS Real Estate Partners-SOFLO LLC
Address
18240 S Dixie Hwy, Miami, FL 33157
Show on MapDate Added
Dec 17, 2024
Days on Market
88 days
Time Since Last Update
39 days
Details
Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantChick-fil-A
Lease Term15 years
Square Footage5,908
Cap Rate4.00%
Occupancy100%
NOI$385,000
Units1
Year Built2024
Buildings1
Stories1
ZoningCommercial
Lot Size (acres)1.56
Parking (spaces)58
Rent Bumps9% Rental Increases Every 5 Years
APN30-5032-034-0010
Lease Options10 (5-Year)
Ground LeaseYes
OwnershipLeased Fee (Land Ownership)
Investment Highlights
-
Brand New 15-Year Lease | Corporate Signature (Chick-fil-A, Inc.) |2024 Construction | Several Option Periods | Rental Increases
-
Absolute NNN Ground Lease | Leased Fee (Land Ownership) |Zero Landlord Responsibilities | No State Income Tax
-
Strong Demographics In Local Trade Area | Six Figure Incomes
-
Across From Publix at South Dade Plaza | Strong Tenant Synergy |Florida Turnpike (191,000 VPD) | Nearby New Development Projects
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$385,000.00
$32,083.33/mo
Valuation Metrics
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0
DSCR
4%
Cap Rate
4%
ROI
Due Diligence
Listing Contacts
- License: FL FL SL3257920
- License: FL BK3120739
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Broker Information
Broker Name
Patrick Nutt
Broker License
FL License No. BK3120739
Brokerage Name
SRS Real Estate Partners-SOFLO LLC
Broker Title
Qualifying Broker
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