9401 17Th AveMiami, FL 33147

Property Details for 9401 17Th Ave

Year built

2020

Lot size

0.99 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

Exceptional investment opportunity: a fee-simple owned 7-Eleven convenience store and gas station in Miami, Florida. This property boasts a strong 5.25% cap rate and a substantial NOI of $330,328. The 3,408 square foot building sits on a 0.99-acre lot at a signalized hard corner intersection with high visibility and accessibility. The absolute NNN lease with a corporate guarantee from 7-Eleven provides exceptional security, with 10.5 years remaining on a 15.1-year lease term, including 10% rent bumps every five years and four 5-year lease options. Built in 2020, this property benefits from a prime location near Interstate 95 (267,000 vehicles per day), Miami Central High School, William H. Turner Technical Arts High School, and Miami Dade College North Campus, ensuring a consistent customer base within a densely populated trade area with over 508,000 residents and 226,000 employees. The property's strategic location benefits from significant traffic volume (47,400 vehicles per day combined) at the intersection of NW 95th Street and NW 17th Ave. This offering presents a compelling opportunity for long-term passive income generation and potential appreciation due to its strong tenant, favorable lease terms, and prime location within a rapidly developing area. The nearby $600 million Metro Center development further enhances the property's long-term value. The average household income in the 5-mile trade area is $77,482.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8606

Longitude

-80.2256

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