9190 Biscayne Blvd Miami Shores, FL 33138-3265

Property Details for 9190 Biscayne Blvd

Year built

1962

Construction

CONCRETE

Lot size

0.90 lot acres

Property size

13,686 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Banks

APN

11-3206-010-0030

APU

1132060100030

Description

This exceptional investment opportunity presents a 20-year absolute NNN ground lease with Chick-fil-A, located at 9190 Biscayne Blvd in Miami Shores, Florida (33138). The property boasts a 3,686 square foot building on a 0.88-acre lot, constructed in 2024 and commencing operations May 1, 2024. The lease features a strong initial ground rent of $350,000, with built-in rent increases of 10% every five years, ensuring consistent and growing income. This Class A property benefits from its prime location on a heavily trafficked corridor (Biscayne Blvd, 50,000 vehicles per day), situated near a high-performing Publix supermarket and within close proximity to significant population centers (14,000 within 1 mile, 168,000 within 3 miles), and upscale shopping destinations like Aventura Mall and Bal Harbour Shops. The lease extends until April 30, 2044, offering long-term stability and significant return on investment. This is a rare opportunity to acquire a generational real estate asset anchored by a world-renowned tenant in a highly desirable Miami location. The lease includes ten 5-year renewal options.

Location Insight

City

Miami Shores

County

Miami-dade

State

Florida

Longitude

-80.1833

Latitude

25.8596

CBSA code

33100

CBSA name

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

Property Tax & Assessments