11115 132Nd Ave Miami, FL 33186
- Retail properties
Current Use by Public Records
- McDonald's / Hamburger Restaurant / Restaurant
- S&EFixing Glass Doors / Corporate Office
Property Details for 11115 132Nd Ave
- Year built
- 2015
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN ground lease for a McDonald's restaurant located at 11115 SW 132nd Ave, Miami, FL 33186. The property, built in 2015, boasts a 100% occupancy rate since its lease commencement on October 14, 2015, with a remaining lease term of 12 years, expiring October 31, 2036. The lease includes five 5-year renewal options, with 10% rent increases every five years, starting in November 2026. The current annual net operating income (NOI) is $115,500, resulting in a 3.75% cap rate. This free-standing, one-story building features a drive-thru and is situated as an outparcel to a recently renovated Publix-anchored shopping center, also including Chase Bank and CVS. The center benefits from high visibility, with over 9,300 vehicles passing daily. The McDonald's lease is backed by a corporate guarantee, providing investment-grade credit (S&P BBB+). This location is in the West Kendall submarket, a densely populated area of South Florida, with excellent demographics and an average household income exceeding $110,000 within a one-mile radius. The asking price is $3,080,000. The property is less than 23 miles from Downtown Miami, in a state with no income tax. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance investment property with a long-term, secure lease.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.4073
- Latitude
- 25.6643
