Chick Fil A | Abs NNN Ground Lease | 18240 S Dixie Hwy
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Chick Fil A | Abs NNN Ground Lease 18240 S Dixie Hwy
5,908 SF 4-Star Retail Building Miami, FL 33157 $9,625,000 ($1,629/SF) 4% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Signature (Chick-fil-A, Inc.) |2024 Construction | Several Option Periods | Rental Increases
- Strong Demographics In Local Trade Area | Six Figure Incomes
- Absolute NNN Ground Lease | Leased Fee (Land Ownership) |Zero Landlord Responsibilities | No State Income Tax
- Across From Publix at South Dade Plaza | Strong Tenant Synergy |Florida Turnpike (191,000 VPD) | Nearby New Development Projects
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,908 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
$9,625,000
Price Per SF
$1,629
Cap Rate
4%
NOI
$385,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
58 Spaces (9.82 Spaces per 1,000 SF Leased)
Frontage
148 FT on South Dixie Highway
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 30-5032-034-0010 | Improvements Assessment | $536,251 |
Land Assessment | $3,408,550 | Total Assessment | $3,944,801 |
PROPERTY TAXES
Parcel Number
30-5032-034-0010
Land Assessment
$3,408,550
Improvements Assessment
$536,251
Total Assessment
$3,944,801
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Chick Fil A | Abs NNN Ground Lease | 18240 S Dixie Hwy
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