1155 54Th StMiami, FL 33147

This exceptional investment opportunity presents a Church's Chicken franchise located at 1155 NW 54th St, Miami, FL 33147. The property, built in 1972, boasts 1,529 square feet of net rentable space and enjoys a 100% occupancy rate. The current lease, an absolute NNN lease with a credit-rated corporate guarantee, commenced on August 24, 2010, and expires on August 23, 2025, leaving approximately 0.8 years remaining. The lease includes four 5-year renewal options, each with a 1.5% annual rent increase. The property generates a strong net operating income (NOI) of $69,979, resulting in a 2.80% cap rate. This single-tenant, QSR/fast-food restaurant benefits from its strategic location in Miami, near I-95, and the long-standing presence of Church's Chicken since 1972 ensures a stable and predictable income stream. The asking price for this exceptional investment is $2,499,000. This is a rare opportunity to acquire a well-established, high-performing NNN property with a strong tenant and significant upside potential. The property is a single-story building.