Two-Tenant Coffee Shop
New
For Sale
$4,478,385
7230 NW 36th St, Miami, FL 33166
Both occupants operate under corporate-guaranteed NNN leases with scheduled rent increases.
Property Size4,500 SF
Lot Size0.59 Acres
Price / SF$995.20
Days on Market2
Property Features for 7230 NW 36th St
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.59 Acres
Property subtype
Restaurant
Occupancy
100%
Lease Type
NNN
Net Operating Income
$235,331
Financials
Asking Price
$4,478,385
Cap Rate
5.25%
Additional Details
Traffic Count
49,000 vehicles/day
Tenant in Place
Yes
Amenities
Anchored by Starbucks (NASDAQ: SBUX) and Chipotle (NYSE: CMG), two leading national restaurant brands backed by corporate guarantees, providing established tenancy and predictable rental income.
Chipotle & Starbucks have occupied their respective spaces for ~10 years, with Chipotle recently exercising it's 10-year renewal option early.
Both tenants pay substantially below-market rents compared to new QSR leases in Miami, which are commanding over $200,000 annually.
Built in 2017, the property offers modern construction, strong curb appeal, and 11+ years of remaining roof warranty coverage. NNN leases provide reimbursement for expenses, with the landlord retaining roof and structural responsibilities.
The property comprises a separately outparcel of 25,891 SF held as a fee-simple commercial condominium within a mixed-use development. An established reciprocal easement agreement governs shared access, parking, utilities, and common-area maintenance.
Strategically positioned along NW 36th Street, with over 49,000 vehicles per day and a dedicated left-turn lane providing convenient access. The property benefits from strong demographics, a major employment hub, ongoing development, and proximity to Miami International Airport, SR826, and SR 836.
Doral is home to over 81,600 residents, while the surrounding Airport West corridor supports approximately 49,000 jobs and over 4,300 businesses, generating substantial daytime consumer traffic and sustained demand for retail and dining.
Building Details
Building Size
4,500 SF
Year Built
2017
Construction
concrete
Tenancy
Multi
Listing Agency:
Marcus & Millichap
Listed By:
Jonathan De La Rosa · License #License(s): FL: SL3283433
(786) 522-7027
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 4 at 2:35PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
This 4,500-square-foot restaurant property was completed in 2017 and is fully occupied by two tenants: Starbucks, with 2,100 square feet, and Chipotle, with 2,400 square feet. Each tenant has a corporate-guaranteed NNN lease, with contractual rent increases of 10% every five years. The investment has a 5.25% capitalization rate.
At 7230 NW 36th St in Miami, the property sits on a 25,891-square-foot site along NW 36th Street, a corridor connecting Miami International Airport and Doral. The site has visibility to more than 49,000 vehicles per day and is near the airport, Doral’s employment base, and the area’s industrial and logistics network.
Ownership includes a separately defined commercial condominium outparcel, its improvements and associated land rights, plus a 12.1% undivided interest in the condominium’s common elements.
At 7230 NW 36th St in Miami, the property sits on a 25,891-square-foot site along NW 36th Street, a corridor connecting Miami International Airport and Doral. The site has visibility to more than 49,000 vehicles per day and is near the airport, Doral’s employment base, and the area’s industrial and logistics network.
Ownership includes a separately defined commercial condominium outparcel, its improvements and associated land rights, plus a 12.1% undivided interest in the condominium’s common elements.
Key Highlights
- 4,500‑square‑foot building on a 25,891‑square‑foot site
- Built in 2017; fully leased to Starbucks and Chipotle
- Starbucks occupies 2,100 square feet; Chipotle occupies 2,400 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,627
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,252,540
$4.3M
Cap Rate 7%
$3,037,529
$3.0M
Cap Rate 9%
$2,362,522
$2.4M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$287.8K $63.96/SF
− Vacancy
−$4.3K −$0.96/SF
EGI
$283.5K $63.00/SF
− OpEx
−$70.9K −$15.75/SF
NOI
$212.6K $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%
$4,252,540
Cap Rate 7%
$3,037,529
Cap Rate 9%
$2,362,522
Alternative Uses
Best Use
Specialty Retail
$3.04M
$2.66M – $3.54M
NOI $212,627 @ 7.0% cap · market cap 4.75%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
49,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,252
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Cafe Britt Gourmet Coffee — 2814 NW 72nd Ave, Miami, FL 33122
- Miami Coffee Garden™ — 2801 NW 74th Ave STE 208, Miami, FL 33122
- Edible Arrangements — 7930 NW 36th St Suite 18, Doral, FL 33166
- Starbucks — 7230 NW 36th St, Miami, FL 33166
- Grand Havana Coffee — 6355 NW 36th St #309, Virginia Gardens, FL 33166
Frequently Asked Questions
What type of property is this?
Coffee shop - Both occupants operate under corporate-guaranteed NNN leases with scheduled rent increases.
Where is this coffee shop located?
The property is located at 7230 NW 36th St Miami, FL.
What is the asking price?
The asking price for this property is $4,478,385.
What are key features of this property?
This property features: 4,500‑square‑foot building on a 25,891‑square‑foot site; Built in 2017; fully leased to Starbucks and Chipotle; Starbucks occupies 2,100 square feet; Chipotle occupies 2,400 square feet
