10188 138Th StHialeah Gardens, FL 33018

Property Details for 10188 138Th St

Year built

2024

Lot size

1.28 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station in Hialeah Gardens, Florida. Boasting a 15-year absolute NNN lease with a credit-rated tenant and 10% rent bumps every five years, this property offers significant long-term stability and growth potential. The 4,730 square foot store sits on a 1.28-acre lot, built in 2024, and generates a strong NOI of $485,000, representing a 5.00% cap rate on the $9,700,000 asking price. The property benefits from a prime location at a signalized, hard corner intersection of NW 138th St and NW 102nd Ave, offering excellent visibility and accessibility. Its strategic placement near major commuter thoroughfares, including the Florida Turnpike, Interstate 75, and Palmetto Expressway, ensures high traffic volume. Furthermore, the property's proximity to a 70-acre mixed-use development with residential and retail components, including a Publix-anchored power center, and nearby industrial users, guarantees a robust and diverse customer base. The lease includes four 5-year options, providing additional long-term security. This is a rare opportunity to acquire a high-performing, well-located 7-Eleven in a rapidly growing area. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio.

Location Insight

City

Hialeah Gardens

County

Miami-Dade

State

Florida

Latitude

25.8983

Longitude

-80.3642

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