Miami NNN Investment
For Sale
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1155 NW 54th St, Miami, FL 33147
NNN property in Miami, long-term corporate tenant, near I-95.
Property Size1,529 SF
Price / SF$1,634
Days on Market707
Property Features for 1155 NW 54th St
General Information
Standard status
Active
Size
1,529 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$71,029
Building Details
Year Built
1972
Stories
1
Tenancy
Single
Listing Agency:
One Sotheby's International Realty
Listed By:
Alex Wolak · License #3160633
(786) 295-1825
Source:
Crexi
Added: Nov 8, 2024
Changed: Oct 12
Last Checked: Oct 16 at 8:40AM
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 One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This is an opportunity to acquire a NNN property located in Miami, situated next to I-95. The property is occupied by a corporate tenant, Church's Chicken, which has been at the same location since 1972. The lease includes three options of 5 years, with an annual increase of 1.5%. The property size is 1529 square feet.
Key Highlights
- Well‑located NNN property in Miami.
- Corporate tenant (Church's Chicken).
- Tenant in place since 1972.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,246
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,444,920
$1.4M
Cap Rate 7%
$1,032,086
$1.0M
Cap Rate 9%
$802,733
$802.7K
Market Conditions
NOI Build-Up for 1,529 SF
Gross rent
$97.8K $63.96/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$96.3K $63.00/SF
− OpEx
−$24.1K −$15.75/SF
NOI
$72.2K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,444,920
Cap Rate 7%
$1,032,086
Cap Rate 9%
$802,733
Alternative Uses
Best Use
Specialty Retail
$1.03M
$903.1K – $1.20M
NOI $72,246 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
NNN property - NNN property in Miami, long-term corporate tenant, near I-95.
Where is this nnn property located?
The property is located at 1155 NW 54th St Miami, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Well‑located NNN property in Miami.; Corporate tenant (Church's Chicken).; Tenant in place since 1972.
