1155 54Th St Miami, FL 33147
- Drive through restaurants
- 1,347 SF
- 0.43 lot acres
Current Use by Public Records
- Church's Texas Chicken / Chicken Restaurant / Family Restaurant
Property Details for 1155 54Th St
- Year built
- 1971
- Construction
- CONCRETE
- Lot size
- 0.43 lot acres
- Property size
- 1,347 SF
- Zone code
- 6101
- Property type
- Drive through restaurants
- APN
- 01-3114-000-0420
- APU
- 131140000420
Description
This exceptional investment opportunity presents a Church's Chicken franchise located at 1155 NW 54th St, Miami, FL 33147. The property, built in 1972, boasts 1,529 square feet of net rentable space and enjoys a 100% occupancy rate. The current lease, an absolute NNN lease with a credit-rated corporate guarantee, commenced on August 24, 2010, and expires on August 23, 2025, leaving approximately 0.8 years remaining. The lease includes four 5-year renewal options, each with a 1.5% annual rent increase. The property generates a strong net operating income (NOI) of $69,979, resulting in a 2.80% cap rate. This single-tenant, QSR/fast-food restaurant benefits from its strategic location in Miami, near I-95, and the long-standing presence of Church's Chicken since 1972 ensures a stable and predictable income stream. The asking price for this exceptional investment is $2,499,000. This is a rare opportunity to acquire a well-established, high-performing NNN property with a strong tenant and significant upside potential. The property is a single-story building.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $355,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $286,000
Market price range: $109k - $408k
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2154
- Latitude
- 25.825
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
