4295 4th Ave Hialeah, FL 33013-2305
- Outlet malls
- 1,216 SF
- 0.17 lot acres
Dec 04, 2024
Current Use by Public Records
- Bank of America ATM (Drive-thru) / Atm
- Farm Stores East Hialeah / Convenience Store / Bakery
Property Details for 4295 4th Ave
- Year built
- 1961
- Construction
- CONCRETE
- Lot size
- 0.17 lot acres
- Property size
- 1,216 SF
- Zone code
- 6500:COMMERCIAL,CLASSIF
- Property type
- Outlet malls
- APN
- 04-3105-010-0550
- APU
- 431050100550
Description
This fee-simple retail property in Hialeah, Florida, offers a compelling investment opportunity. The 1,216 square foot convenience store, pharmacy, and QSR boasts a strong 5.14% cap rate, generating a net operating income (NOI) of $42,425 annually. Secured by a corporate guarantee, the absolute NNN lease features a remaining term of over 11 years with built-in 2% annual rent increases, providing a hedge against inflation and long-term income stability. Located on a high-visibility corner lot with over 23,000 vehicles passing daily, the property benefits from a dense population base of over 471,615 people within a 5-mile radius. Built in 1961, this 0.17-acre site is situated at 4295 E 4th Ave, Hialeah, FL 33013, in Miami-Dade County. The property's location in Florida offers the added benefit of no state income tax. This stabilized investment presents a rare opportunity to acquire a passively managed, high-performing retail asset in a thriving market. The asking price is $825,000. 100% occupancy ensures immediate cash flow.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $805,000
- ML approach
- $805,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2743
- Latitude
- 25.8615
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA