15055 7Th AveMiami, FL 33168

Property Details for 15055 7Th Ave

Year built

1980

Construction

CONCRETE

Lot size

0.61 AC

Property size (Sq ft)

7,503 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office buildings

APN

30-2113-003-1080

APU

3021130031080

Description

This exceptional investment opportunity presents a brand-new, 1,430-square-foot Take 5 Oil Change located in Miami, Florida, at 15055 NW 7th Ave, 33168. The property boasts a fee-simple ownership structure with a 15-year absolute NNN ground lease, expiring June 30, 2039, offering significant long-term stability. The tenant, Take 5 Oil Change, is backed by a corporate guarantee from Driven Brands (NASDAQ: DRVN), minimizing landlord responsibilities. The property features a 5.00% cap rate and a strong NOI of $93,000, with a current asking price of $1,860,000 ($1,300.70/sq ft). The lease includes a 10% rent increase every five years, ensuring consistent income growth. Situated on a 0.43-acre lot, this single-story, Class A building benefits from a prime location near Interstate 95, boasting exceptional visibility due to its position on a signalized hard corner. The high-traffic area sees 251,000 vehicles per day, and the surrounding area has a dense population (190,000 within 3 miles) and high average household income ($69,000 within 1 mile). The property is conveniently located across from an active Winn-Dixie (Aldi) shopping center, further enhancing its appeal. This is a rare opportunity to acquire a low-maintenance, high-return investment in a thriving Miami location, in a state with no income tax. The property is built in 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $4,867,816

  6.5%

  $4,493,370

  7%

  $4,172,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,872,598

  Geo Method

  $2,872,598

• Alternative Use

  Use

  Valuation

  Residential

  $5,571,778

  Hospitality

  $5,103,718

  Educational

  $4,246,234

  Medical

  $4,392,268

  Retail

  $6,605,253

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.9126

Longitude

-80.2114

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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