1790 107Th AveMiami, FL 33172

Property Details for 1790 107Th Ave

Year built

2019

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

5,679 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Turn key restaurants

APN

25-3031-042-0020

APU

2530310420020

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,366,902

  6.5%

  $2,184,832

  7%

  $2,028,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,018,435

  Geo Method

  $2,018,435

• Alternative Use

  Use

  Valuation

  Residential

  $1,842,988

  Hospitality

  $1,688,167

  Educational

  $1,404,535

  Medical

  $1,452,839

  Retail

  $2,184,832

Location Insight

City

Sweetwater

County

Miami-dade

State

Florida

Latitude

25.7905

Longitude

-80.3692

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].