Freestanding NNN
New
For Sale
$4,595,000
10600 NW 77th Ave, Hialeah, FL 33016
A single-occupant powersports retailer operates under a long-term NNN lease.
Property Size30,056 SF
Lot Size0.69 Acres
Price / SF$367.60
Days on Market2
Property Features for 10600 NW 77th Ave
General Information
Standard status
Active
Size
30,056 SF
Lot size
0.69 Acres
Property subtype
Shopping Auto Center
Occupancy
100%
Net Operating Income
$275,783
Financials
Asking Price
$4,595,000
Cap Rate
6%
Additional Details
Road Access
Yes
Amenities
Long-Term NNN Lease: 10-year NNN lease through July 2035 with annual rent increases by the greater of 3% or CPI, providing durable income growth and limited landlord responsibilities.
Strong Yield Growth: Offered at $4.595M with a 6.00% current cap rate and 6.68% average cap rate over the lease term based on the 3% contractual rent floor.
Prime Hialeah Gardens Location: 12,500 SF freestanding property on 0.69 acres with NW 77th Avenue frontage, strong visibility, and immediate access to the Palmetto Expressway.
Building Details
Building Size
30,056 SF
Year Built
1959
Tenancy
Single
Listed By:
Ben Brett · License #License(s): FL: SL3645515
(786) 522-7058
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ben Brett
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding, 12,500-square-foot property occupies approximately 0.69 acres in Hialeah Gardens, Florida. Built in 1959, the building is occupied by Motor Shop Center, a powersports retailer, dealership, and service business.
The tenant has a NNN lease through July 31, 2035, with approximately 8.9 years remaining. The site has approximately 100 feet of frontage along NW 77th Avenue and visibility from the Palmetto Expressway.
The tenant has a NNN lease through July 31, 2035, with approximately 8.9 years remaining. The site has approximately 100 feet of frontage along NW 77th Avenue and visibility from the Palmetto Expressway.
Key Highlights
- 12,500‑square‑foot property on approximately 0.69 acres
- Single‑tenant occupancy by Motor Shop Center, a powersports retailer, dealership, and service business
- NNN lease runs through July 31, 2035, with approximately 8.9 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,350
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,347,000
$4.3M
Cap Rate 7%
$3,105,000
$3.1M
Cap Rate 9%
$2,415,000
$2.4M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$337.5K $27.00/SF
− Vacancy
−$27.0K −$2.16/SF
EGI
$310.5K $24.84/SF
− OpEx
−$93.2K −$7.45/SF
NOI
$217.4K $17.39/SF
Area
Hialeah, FL
Vacancy
8.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,347,000
Cap Rate 7%
$3,105,000
Cap Rate 9%
$2,415,000
Alternative Uses
Best Use
Retail
$3.10M
$2.72M – $3.62M
NOI $217,350 @ 7.0% cap · market cap 4.73%
Second Best
Industrial
$2.03M
$1.77M – $2.36M
NOI $141,892 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$4.92M
$4.31M – $5.74M
NOI $344,400 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,844
Businesses Nearby
476k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Shops & Services 26%
Dining 17%
Groceries 9%
Macy's
Apparel
145,251 visits/mo
0.3 miles
JCPenney
Apparel
43,607 visits/mo
0.4 miles
Outback Steakhouse
Dining
42,375 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
38,099 visits/mo
0.3 miles
Wawa
Shops & Services
28,978 visits/mo
0.3 miles
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A single-occupant powersports retailer operates under a long-term NNN lease.
Where is this nnn property located?
The property is located at 10600 NW 77th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $4,595,000.
What are key features of this property?
This property features: 12,500‑square‑foot property on approximately 0.69 acres; Single‑tenant occupancy by Motor Shop Center, a powersports retailer, dealership, and service business; NNN lease runs through July 31, 2035, with approximately 8.9 years remaining
