14499 NW 57th Ave - Auto Dealership FOR SALE


Opa Locka, FL 33054
$8,828,571 USD
305-992-3592
14499 NW 57th Ave, Opa Locka, FL for Sale
$8,828,571 USD
Auto Dealership - FOR SALE
1/11
null | 7% Cap Rate

14499 NW 57th Ave
Opa Locka, FL 33054


HIGHLIGHTS

  • Long-term NNN lease with Tesla, Inc. through 2035
  • Located in AVE Aviation & Commerce Center with major national tenants
  • 3-acre parcel with 291 parking spaces and hard-corner visibility
  • Strong cash flow with 3% annual increases and capped rent escalations
  • GP zoning allows future retail, hotel, or industrial use

OVERVIEW

Casal Group presents a rare net lease investment opportunity with Tesla, Inc. at 14499 NW 57th Avenue, Miami, FL. This 2,500 SF facility sits on a fully paved, fenced, and lighted 3-acre parcel within the prestigious AVE Aviation & Commerce Center—a 178-acre business park home to Amazon, USPS, and RaceTrac. The property benefits from exceptional visibility and access, with frontage on Red Road, which sees approximately 50,000 vehicles daily, and a hard-corner entrance into the park. Tesla, Inc. occupies the site under a 10.5-year NNN lease with three 5-year renewal options, generating a strong net operating income of $618,000 annually with 3% annual increases. The lease structure includes land rent of $0.39 per land foot and insurance at $0.20 per land foot, with increases capped at 7.5% every 30 months. The site is governed by GP zoning, offering future flexibility for retail, hotel, or industrial redevelopment. The master leasehold interest from Miami-Dade County extends through April 2084, ensuring long-term control and stability. With no land taxes due, the land rent serves as the fee in lieu of property taxes. The property is strategically located adjacent to Miami Lakes and near the Miami-Opa Locka Executive Airport, offering immediate freeway access and proximity to key logistics and commercial hubs.

FOR SALE DETAILS

PRICE

$8,828,571 USD

PRICE/SF

$3,531 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Tesla Net Lease | NNN Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

291

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

GP

APN/PARCEL ID

30-2119-003-0010

ASK ABOUT THIS PROPERTY

Ernesto CasalCasal GroupMore Info
305-992-3592

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Ernesto CasalCasal GroupMore Info
305-992-3592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.