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    13001 Dixie Hwy Pinecrest, FL 33156

    Sponsored
    For Sale
    $10,500,000

    High-return NNN ground lease; strong tenant.

    Property size:
    3,585 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a brand-new Chick-fil-A restaurant in the affluent Pinecrest area of Miami, Florida. The property boasts a 15-year triple-net (NNN) ground lease commencing October 17, 2024, and expiring October 31, 2039, with ten 5-year renewal options. The 3,585 square foot building sits on a 1.25-acre lot and enjoys 100% occupancy. The lease includes attractive 8% rent bumps every five years, ensuring consistent income growth throughout the lease term and option periods. The current Net Operating Income (NOI) is $410,000, resulting in a 4.00% cap rate. This location benefits from its position within the Miami metropolitan area, a vibrant market with a population exceeding 2.7 million residents. Pinecrest itself is known for its high average household income, exceeding $155,000 within a one-mile radius and projected to reach $178,449 by 2028. The property's strategic location on South Dixie Highway provides excellent visibility and accessibility to over 68,000 vehicles daily. This investment offers a compelling combination of a strong tenant, a long-term lease, and a prime location in a high-growth market. The property is currently under construction, with an anticipated opening in the fourth quarter of 2024.

    Property Features for 13001 Dixie Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    3,585 SF
    Lot Size
    54,450 SF

    Building Details

    Year Built
    2024

    HighLights

    • New 15‑year NNN ground lease with Chick‑fil‑A, including 10 five‑year renewal options.
    • Brand new Chick‑fil‑A, opening Q4 2024.
    • 8% rent increases every five years throughout the lease term.
    • Investment‑grade tenant: Chick‑fil‑A, a top national restaurant chain.
    • Excellent location in affluent Pinecrest, Miami MSA (population over 2.7 million).
    Property Profile Location Intelligence

    Current Use by Public Records

    BB&T Insurance Services Insurance Agency BB&T - ATM Atm Chris Coffee Shop Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pinecrest
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3311024
    Latitude
    25.6491107

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    FAQs

    What type of property is this?
    Restaurant - High-return NNN ground lease; strong tenant.
    Where is this restaurant located?
    The property is located at 13001 Dixie Hwy Pinecrest, FL.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: New 15-year NNN ground lease with Chick-fil-A, including 10 five-year renewal options.; Brand new Chick-fil-A, opening Q4 2024.; 8% rent increases every five years throughout the lease term.
    Request Owner's contact information
    13001 Dixie Hwy Pinecrest, FL 33156
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13001 Dixie Hwy Pinecrest, FL 33156
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