10188 138Th St Hialeah Gardens, FL 33018
- Retail properties
- 1.28 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10188 138Th St
- Year built
- 2024
- Lot size
- 1.28 lot acres
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hialeah Gardens
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.3642
- Latitude
- 25.8983
