For Sale
$825,000

4295 4Th AveHialeah, FL 33013

High-yield, NNN-leased convenience store

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple retail property in Hialeah, Florida, offers a compelling investment opportunity. The 1,216 square foot convenience store, pharmacy, and QSR boasts a strong 5.14% cap rate, generating a net operating income (NOI) of $42,425 annually. Secured by a corporate guarantee, the absolute NNN lease features a remaining term of over 11 years with built-in 2% annual rent increases, providing a hedge against inflation and long-term income stability. Located on a high-visibility corner lot with over 23,000 vehicles passing daily, the property benefits from a dense population base of over 471,615 people within a 5-mile radius. Built in 1961, this 0.17-acre site is situated at 4295 E 4th Ave, Hialeah, FL 33013, in Miami-Dade County. The property's location in Florida offers the added benefit of no state income tax. This stabilized investment presents a rare opportunity to acquire a passively managed, high-performing retail asset in a thriving market. The asking price is $825,000. 100% occupancy ensures immediate cash flow.

Highlights

  • Triple-Net (NNN) Lease: Zero landlord responsibilities, offering 100% passive income.
  • Annual 2% Rent Increases: Provides inflation protection.
  • Long-Term Lease: Over 11 years remaining on the base term.
  • High Visibility Location: Corner lot with over 23,000 vehicles per day passing by.
  • Dense Population: Over 471,615 people within a 5-mile radius.
  • Prime Miami, FL Location: Strong population growth and thriving economy.

Property Details for 4295 4Th Ave

Property type
Retail properties, Drug stores
Square Feet
1,216 SF
Year Built
1961
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.8614588
Longitude
-80.2743862
4295 4Th Ave, Hialeah, Florida

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4295 4Th Ave
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