13455 Okeechobee Rd Hialeah Gardens, FL 33018-3721

Property Details for 13455 Okeechobee Rd

Lot size

1.20 lot acres

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Commercial land

APN

27-2030-024-0020

APU

2720300240020

Description

This exceptional investment opportunity presents a brand-new, state-of-the-art, 3,824 square foot car wash located in Hialeah Gardens, Florida. Situated on a 1.2-acre lot at 13455 W Okeechobee Rd, 33018, this Class A property boasts a prime outparcel location adjacent to a Home Depot and within walking distance of the newly developed Shoppes at Highland, a 250,000 square foot shopping center anchored by Publix. The property features a 125-foot tunnel and 26 parking spaces, ensuring ample capacity for customers. The current tenant, a major Florida car wash brand, holds a 20-year absolute NNN lease with a corporate guarantee, providing exceptional security and stability. The lease includes 2% annual rent bumps, further enhancing the investment's long-term value. With a current NOI of $425,000 and a 6.25% cap rate, this property offers a compelling return on investment. The property benefits from excellent visibility on Okeechobee Road (Highway 27), experiencing over 31,000 vehicles per day. The surrounding area is experiencing significant residential growth, including several large-scale residential developments within a 3-mile radius, adding to the property's long-term potential. This is a rare opportunity to acquire a high-performing, strategically located car wash with a strong tenant and significant upside potential. The asking price is $6,800,000. The property is located in a high-income area with an average household income exceeding $142,000 within a 1-mile radius. The investment is also eligible for bonus depreciation.

Location Insight

City

Hialeah Gardens

County

Miami-dade

State

Florida

Longitude

-80.3765

Latitude

25.8951

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments