9490 Okeechobee Rd Hialeah Gardens, FL 33016

This exceptional investment opportunity presents a fee-simple ownership of a 3,087 square foot Popeyes restaurant located at 9490 W Okeechobee Rd, Hialeah Gardens, FL 33016. The property sits on a 0.54-acre lot and includes 27 parking spaces. Built in 2003 and renovated in 2023, this single-story building is currently operating under a 20-year absolute NNN lease (commencing January 1, 2024, and expiring December 31, 2043), with 19.1 years remaining. The lease includes two five-year options and features a 10% rent increase every five years. The current annual net operating income (NOI) is $148,750, resulting in a 4.75% cap rate and a price per square foot of $1,014.25. The property boasts excellent visibility and accessibility, situated on West Okeechobee Road with over 64,000 vehicles per day and near the Palmetto Expressway (208,000+ VPD). It's an outparcel to BJ's Wholesale Club and adjacent to a high-performing Walmart Supercenter. The property benefits from a dense population of over 195,155 residents within a three-mile radius. This investment offers a secure, long-term opportunity with a renowned tenant and favorable lease terms in a thriving commercial area. The asking price is $3,131,000.