Listed by SRS Real Estate Partners Tampa
$9,059,000
NNN Chick-fil-A - Miami, FL
Details
APN 30-5032-034-0010
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 5,908
Units 1
Cap Rate 4.25%
NOI $385,000
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 10 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 1.560
Zoning Commerical
Parking Spaces 58 spaces
Parking Per SqFt 9.82
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Ownership Leased Fee (Land Ownership)
Sale Condition 1031 exchange
New Construction | Absolute NNN (Ground Lease) | Corporate 15 Year Term | 9% Increases Every Five
Marketing description
Introducing 18240 S. Dixie Highway! This single-tenant absolute NNN trophy asset with a double drive-thru offers a generational infill investment opportunity in Miami, Florida. Situated off FL Turnpike with 191,100 VPD, this property boasts high barriers to entry and visibility. Positioned in a prime location near major schools and transitways, it attracts 27,400-51,500 vehicles per day, ensuring a steady flow of traffic. With a strong foundation in place and promising developments in the area, this investment opportunity is a promising prospect for discerning investors. Don't miss out on the chance to own a piece of Miami real estate with incredible potential. Enquire now for more details and secure your spot in this thriving market!
Investment highlights
- 13+ Years Remaining | 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
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$385,000.00
$32,083.33/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
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