Palm Ave, Hialeah, FL 33012

Positioned along Palm Avenue, one of the area’s main commercial corridors, this fully leased NNN retail investment offers stable in-place income, built-in rent growth, and long-term flexibility for a future buyer. The property consists of a retail building with two leases in place, including a convenience store tenant and a national tenant, providing reliable cash flow and strong tenant appeal. Both leases are structured on a triple-net basis, minimizing landlord responsibilities while supporting predictable returns. Offered at $855,000 with a 6.04% cap rate, the asset also presents upside potential, as one of the existing tenant rents is currently below market, creating an opportunity to improve the cap rate over time. The investment further benefits from contractual rent increases, including 2.5% annual bumps on one lease and CPI-based increases on the other. An added advantage is the buyer’s ability to terminate either or both leases with 90 days’ notice, creating valuable optionality for a future user or repositioning strategy.