15055 7th Ave Miami, FL 33168-3109

Property Details for 15055 7th Ave

Year built

1980

Construction

CONCRETE

Lot size

0.61 lot acres

Property size

7,503 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office buildings

APN

30-2113-003-1080

APU

3021130031080

Description

This exceptional investment opportunity presents a brand-new, 1,430-square-foot Take 5 Oil Change located in Miami, Florida, at 15055 NW 7th Ave, 33168. The property boasts a fee-simple ownership structure with a 15-year absolute NNN ground lease, expiring June 30, 2039, offering significant long-term stability. The tenant, Take 5 Oil Change, is backed by a corporate guarantee from Driven Brands (NASDAQ: DRVN), minimizing landlord responsibilities. The property features a 5.00% cap rate and a strong NOI of $93,000, with a current asking price of $1,860,000 ($1,300.70/sq ft). The lease includes a 10% rent increase every five years, ensuring consistent income growth. Situated on a 0.43-acre lot, this single-story, Class A building benefits from a prime location near Interstate 95, boasting exceptional visibility due to its position on a signalized hard corner. The high-traffic area sees 251,000 vehicles per day, and the surrounding area has a dense population (190,000 within 3 miles) and high average household income ($69,000 within 1 mile). The property is conveniently located across from an active Winn-Dixie (Aldi) shopping center, further enhancing its appeal. This is a rare opportunity to acquire a low-maintenance, high-return investment in a thriving Miami location, in a state with no income tax. The property is built in 2024.

Location Insight

City

Miami

County

Miami-dade

State

Florida

Longitude

-80.2114

Latitude

25.9126

CBSA code

33100

CBSA name

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

Property Tax & Assessments