For Sale
$9,700,000

10188 138Th StHialeah Gardens, FL 33018

High-Yield Net Lease Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station in Hialeah Gardens, Florida. Boasting a 15-year absolute NNN lease with a credit-rated tenant and 10% rent bumps every five years, this property offers significant long-term stability and growth potential. The 4,730 square foot store sits on a 1.28-acre lot, built in 2024, and generates a strong NOI of $485,000, representing a 5.00% cap rate on the $9,700,000 asking price. The property benefits from a prime location at a signalized, hard corner intersection of NW 138th St and NW 102nd Ave, offering excellent visibility and accessibility. Its strategic placement near major commuter thoroughfares, including the Florida Turnpike, Interstate 75, and Palmetto Expressway, ensures high traffic volume. Furthermore, the property's proximity to a 70-acre mixed-use development with residential and retail components, including a Publix-anchored power center, and nearby industrial users, guarantees a robust and diverse customer base. The lease includes four 5-year options, providing additional long-term security. This is a rare opportunity to acquire a high-performing, well-located 7-Eleven in a rapidly growing area. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio.

Highlights

  • Signalized, hard-corner intersection of NW 138th St and NW 102nd Ave.
  • Proximity to several industrial users providing a strong consumer base.
  • Adjacent to Emerald Bay Apartments (600+ units).
  • Across from a 70-acre mixed-use development including a 190,000 SF Publix-anchored power center and 244 residential units.
  • Located near Paraiso Plaza, a Publix-anchored center ranked in the top 84% of nationwide neighborhood centers.
  • Excellent access to major thoroughfares: Florida Turnpike, I-75, and Palmetto Expressway.

Property Details for 10188 138Th St

Property type
Retail properties, Grocery and convenience stores
Year Built
2024
Lot Size (sq. ft)
55,757 SF

Location Insight

City
Hialeah Gardens
County
Miami-Dade
State
Florida
Latitude
25.8983319
Longitude
-80.3641523
10188 138Th St, Hialeah Gardens, Florida

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10188 138Th St
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