13899 W Okeechobee Rd - Service Station FOR SALE
Hialeah, FL 33018 |
$19,384,032 USD
843-517-8165
13899 W Okeechobee Rd
Hialeah, FL 33018
HIGHLIGHTS
- 17 Years Remaining on an Absolute Triple Net (NNN) Lease Providing For No Landlord Responsibility
- 2.5% Rent Increase Annually, Providing For a Strong Hedge Against Inflation
- Nearly 1 Million Residents Within a 10-mile Radius, Positioning the Property to Benefit From Both Dense Residential Demand and Commuter Volume
- Traffic Count Per Day Exceeds 28,000 and Property is Situated on a Road With Excellent Visibility and Accessibility
- Blended CAP Rate of 9.33% Over the Remainder of the Primary Lease Term, Presenting an Excellent Balance of Yield and Stability
- Florida is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,755 SF Citgo Truck Stop Located at 13899 West Okeechobee Road in Hialeah Gardens, FL. This Deal Includes 17 Years Remaining on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$19,384,032 USD
PRICE/SF
$2,214 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Citgo Truck Stop - Miami, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
1.9 AC
LAND SF
82,764 SF
ZONING
BU-1A
APN/PARCEL ID
27-2030-015-0120
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843-517-8165
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