Miami NNN Investment
1155 NW 54th St Miami, FL 33147
1155 NW 54th St, Miami, FL, 33147
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For Sale
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NNN property in Miami, long-term corporate tenant, near I-95.
Property Size1,529 SF
Price / SF$1,634
Days on Market616
Property Features for 1155 NW 54th St
General Information
- Standard status
- Active
- Size
- 1,529 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1972
Listing Agency
One Sotheby's International Realty
(929) 228-9281
Listed by
Alex Wolak · License #3160633
Source
Crexi
Added: Nov 8, 2024 Checked: Jul 15 at 1:00 pm
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
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.8k | $63.96 |
| − Vacancy | −$1.5k | −$0.96 |
| EGI | $96.3k | $63.00 |
| − OpEx | −$24.1k | −$15.75 |
| NOI | $72.2k | $47.25 |
1,529 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Church's Texas Chicken
Restaurant
Similar For Sale Nearby
FAQs
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.
