1790 107th Ave Sweetwater, FL 33172-2790
- Turn key restaurants
- 5,679 SF
- 0.10 lot acres
Current Use by Public Records
- party city / Store
- Nuvo Pool / Swimming Pool
- A&HFixing Glass Doors / Roofing Contractor / Glass Repair Service
- Japan Inn / Japanese Restaurant / Restaurant
Property Details for 1790 107th Ave
- Year built
- 2019
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Property size
- 5,679 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Turn key restaurants
- APN
- 25-3031-042-0020
- APU
- 2530310420020
Description
This exceptional investment opportunity presents a fee-simple ownership of a 4,984 square foot Japan Inn restaurant in Doral, Florida. Located at 1790 NW 107th Ave, this single-tenant, absolute NNN leased property boasts a strong 6.00% cap rate and a substantial remaining lease term of 14.6 years (expiring June 30, 2039), commencing June 30, 2019. The property benefits from a corporate guarantee and features annual rent bumps of 2%. The asking price is $3,547,433, translating to a price per square foot of $711.76. Situated on a 0.1-acre lot, the one-story building was constructed in 2018 and enjoys 100% occupancy. The property's prime location on NW 107th Ave, with over 44,500 vehicles passing daily, provides exceptional visibility and accessibility. Its proximity to the Nuvo Suites Hotel (176 rooms), Miami International Mall, and the high-traffic Dolphin Expressway further enhances its strategic value. The area is densely populated with numerous apartment complexes and new residential developments, ensuring a consistent customer base. Nearby educational institutions, including Doral College, also contribute to the area's vibrancy. The established Japan Inn brand, known for its Japanese and Thai cuisine, including fresh sushi, adds to the property's appeal. The property generates a strong net operating income (NOI) of $212,846. This is a rare opportunity to acquire a high-performing, well-located restaurant property with significant long-term growth potential in a thriving Florida market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,635,000
- 6.5%
- $3,205,000
- 7%
- $3,250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,570,000
- Geo Method
- $3,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,360,000
- Retail
- $3,585,000
- Mixed-Use
- $3,570,000
- Hospitality
- $3,845,000
- Educational
- $3,170,000
- Residential Income
- $2,735,000
- Energy
- $2,965,000
- Income-Based Land
- $3,260,000
- Food Service
- $2,995,000
Location Insight
- Map
- Local Demand
- City
- Sweetwater
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3692
- Latitude
- 25.7905
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
