Technical
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Property profile

10188 138Th St Hialeah Gardens, FL 33018

OFF-MARKET
Retail properties & Spaces
1.28 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station in Hialeah Gardens, Florida. Boasting a 15-year absolute NNN lease with a credit-rated tenant and 10% rent bumps every five years, this property offers significant long-term stability and growth potential. The 4,730 square foot store sits on a 1.28-acre lot, built in 2024, and generates a strong NOI of $485,000, representing a 5.00% cap rate on the $9,700,000 asking price. The property benefits from a prime location at a signalized, hard corner intersection of NW 138th St and NW 102nd Ave, offering excellent visibility and accessibility. Its strategic placement near major commuter thoroughfares, including the Florida Turnpike, Interstate 75, and Palmetto Expressway, ensures high traffic volume. Furthermore, the property's proximity to a 70-acre mixed-use development with residential and retail components, including a Publix-anchored power center, and nearby industrial users, guarantees a robust and diverse customer base. The lease includes four 5-year options, providing additional long-term security. This is a rare opportunity to acquire a high-performing, well-located 7-Eleven in a rapidly growing area. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Lot 1.28 ac (55,757 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10188 138Th St Hialeah Gardens, FL 33018
Hialeah Gardens metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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