18750 NW 2nd Ave - Fast Food FOR SALE


Miami, FL 33169
$4,295,000 USD
786-522-7009
18750 NW 2nd Ave, Miami, FL for Sale
$4,295,000 USD
Fast Food - FOR SALE
1/5
null | 4.66% Cap Rate

18750 NW 2nd Ave
Miami, FL 33169


HIGHLIGHTS

  • Corporate, Long-Term NNN Lease: Corporate Guarantee–Just Under 18 Years Remaining on Primary Term–w/10% Increases Every 5 Years
  • Excellent Visibility & Access: Hard Corner Signalized Intersection-Frontage on NW 2nd Ave–59,000+ VPD–3 Points of Ingress/Egress
  • Store #13-One of The First Burger Kings: More Than 48 Years in Operation
  • Dense Infill Location:188,000+ People in 3 Mile Radius
  • Proximity to Hard Rock Stadium: 3 Mi From Hard Rock Stadium-Home to Miami Dolphins, Formula 1 Grand Prix, Miami Open Tennis Tournament
  • Exceptional Regional Access: Minutes From Golden Glades Interchange (I-95, Palmetto Expressway & Florida’s Turnpike)-Over 350,000+ VPD Combined

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to invest in a prime commercial property located at 18750 NW 2nd Ave, Miami, FL, occupied by a national tenant under a long-term lease. The property is tenanted by Burger King, a leading global quick-service restaurant brand with a long-standing reputation for excellence. The Lease is guaranteed by Burger King Company LLC, a subsidiary of Restaurant Brands International (NYSE: QSR), one of the world’s largest quick-service restaurant companies with approximately 30,000 restaurants in more than 100 countries. The subject property features a fully equipped free-standing Burger King® restaurant with drive-thru facility, off-street parking, and prominent pole/monument signage. This attractive property at a signalized intersection with frontage on NW 2nd Avenue (59,000+ VPD), and benefits from exceptional visibility and 3 access points in a heavily trafficked commercial avenue. The property is ideally situated in Miami Gardens, part of the Miami-Fort Lauderdale-West Palm Beach MSA – the 7th largest metropolitan area in the United States with over 6.1 million residents. Located just minutes from Hard Rock Stadium (home of the Miami Dolphins, Formula 1 Miami Grand Prix, Miami Open tennis tournament, major concerts, and high-profile events), the site benefits from tremendous event-driven traffic and year-round exposure. The surrounding area boasts strong demographics, excellent connectivity via I-95 and the Palmetto Expressway (SR 826), and robust economic growth driven by tourism, international trade, logistics, tourism, and ongoing residential/commercial development. Miami continues to attract massive domestic and international investment and stands out as one of Florida’s hottest and most dynamic real estate markets. This unique investment opportunity combines a prime location in a thriving Florida market with a brand-new 2024 corporate-guaranteed NNN lease with just under 18 years of its primary term remaining, four (4) five-year extension options, and 10% rental increases every five years throughout the initial term and option periods.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$2,152 USD /SF

CAP RATE

4.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King - Corporate Long Term NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

6500

APN/PARCEL ID

34-2101-026-0030

ASK ABOUT THIS PROPERTY

Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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