For Sale
$3,547,433

1790 107Th AveMiami, FL 33172

High-return Japan Inn NNN lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 4,984 square foot Japan Inn restaurant in Doral, Florida. Located at 1790 NW 107th Ave, this single-tenant, absolute NNN leased property boasts a strong 6.00% cap rate and a substantial remaining lease term of 14.6 years (expiring June 30, 2039), commencing June 30, 2019. The property benefits from a corporate guarantee and features annual rent bumps of 2%. The asking price is $3,547,433, translating to a price per square foot of $711.76. Situated on a 0.1-acre lot, the one-story building was constructed in 2018 and enjoys 100% occupancy. The property's prime location on NW 107th Ave, with over 44,500 vehicles passing daily, provides exceptional visibility and accessibility. Its proximity to the Nuvo Suites Hotel (176 rooms), Miami International Mall, and the high-traffic Dolphin Expressway further enhances its strategic value. The area is densely populated with numerous apartment complexes and new residential developments, ensuring a consistent customer base. Nearby educational institutions, including Doral College, also contribute to the area's vibrancy. The established Japan Inn brand, known for its Japanese and Thai cuisine, including fresh sushi, adds to the property's appeal. The property generates a strong net operating income (NOI) of $212,846. This is a rare opportunity to acquire a high-performing, well-located restaurant property with significant long-term growth potential in a thriving Florida market.

Highlights

  • High-traffic location on NW 107th Ave in Doral, FL, with over 44,500 vehicles daily.
  • Absolute NNN lease with 14.6 years remaining and 2% annual rent increases.
  • Strong financials with corporate guarantee; contact listing agents for details.
  • Prime location near Dolphin Mall (36 million annual visitors), Nuvo Suites Hotel, and Miami International Mall.
  • Located 5 miles west of Miami International Airport, in an area with over 10,000 businesses.
  • Surrounded by numerous apartment complexes and new residential developments.

Property Details for 1790 107Th Ave

Property type
Retail properties, Restaurants
Square Feet
4,984 SF
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
4,356 SF
Units
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7905165
Longitude
-80.369223
1790 107Th Ave, Miami, Florida

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1790 107Th Ave
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