For Sale
$10,433,333

0 45Th AveMiami, FL 33126

High-yield 7-Eleven, Miami, FL

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new (2023) 4,688 square foot 7-Eleven convenience store located at the northwest corner of NW 7th Street and NW 45th Avenue in Miami, Florida, zip code 33126. The property sits on a one-acre lot in a high-density infill market with over 622,000 residents within a five-mile radius. This flagship location benefits from its proximity to Miami International Airport and the rental car center, ensuring high visibility and consistent traffic. Situated on a signalized hard corner of heavily trafficked NW 7th Avenue, the property enjoys a daily traffic count exceeding 31,500 vehicles. The lease is a triple-net (NNN) agreement with a corporate guarantee from 7-Eleven, providing significant security for the investor. The initial lease term is 15 years, with four, five-year renewal options, and includes a 10% rent increase every five years. The asking price is $10,433,333, representing a 4.50% cap rate. Fee-simple ownership allows for accelerated depreciation, maximizing the investment's tax advantages. Nearby national retailers include Publix, McDonald's, Burlington, First Watch, Walgreens, Burger King, TD Bank, Office Depot, CVS, Starbucks, Panda Express, and IHOP, further solidifying the area's strong retail environment. This is a turnkey investment with zero landlord responsibilities, offering a compelling combination of strong tenant, prime location, and attractive financial returns.

Highlights

  • Brand new (2023) 7-Eleven, offering zero landlord responsibilities and 10% rent increases every five years throughout the initial 15-year term and four, 5-year options.
  • Flagship 7-Eleven location in Miami, FL.
  • High-density location, serving over 622,000 residents within a 5-mile radius.
  • Excellent location near Miami International Airport and rental car center.
  • Hard-corner location on heavily trafficked NW 7th Avenue (31,500+ vehicles daily).
  • Fee-simple ownership allows for accelerated depreciation.

Property Details for 0 45Th Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,688 SF
Year Built
2023
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7787234
Longitude
-80.2695251
45Th Ave, Miami, Florida

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0 45Th Ave
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