NNN Miami Grill Investment

3,316 SF | Retail Building | Miami, FL 33166 | $3,500,000 ($1,055/SF) | 5.54% Cap Rate

Asking Price $3,500,000

Property Type: Retail
Square Feet: 3,316 SF
Price / Square Foot: $1,055

Listing Contacts

George Belesis

Verified Profile

Rayza Perez

Verified Profile

Property Info

Property Overview

DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 3700 Le Jeune Road, Miami FL. The subject property is a NNN leased investment property, leased to a very successful Miami Grill Restaurant, providing a great opportunity to acquire a quality asset in a highly populated area, at a 5.49% cap rate, with a 10-year lease with (2) 5-year options. The subject property is a 3,316 SF dine-in restaurant, with a drive through and substantial parking (30 spaces) situated on a 23,417 SF corner lot. Strategically located, with great exposure on Le Jeune Road (150,000+ vehicles per day) and a short drive from the Miami International Airport (MIA). This location benefits from a very large customer base of locals and those traveling to the airport or staying in the many hotels nearby. There are over 200,000 residents within a 3-mile radius with the population increasing at an unprecedented rate. Under the current terms of the lease, the tenant is paying $194,000 annually. The tenant Miami Grill, has been a staple in Miami since the early 1990’s. A quick service, fast food restaurant, Miami Grill offers meals like Cheesesteaks, Burgers, Greek Style Gyros, and wings. The brand experienced rapid growth in the 90’s. Currently there are 33 locations across the US, with 3 more locations being added this year in Florida.

Property Details

Class: B
Year Built: 1995
Stories: 1
Lot Size (sq. ft): 23,522 SF

Highlights

Exceptional Corner Location, Short Drive to Miami International Airport (MIA)
NNN Leased Investment
Densely Populated Submarket

Nearby Properties

Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details
$1,999,000

21,680 SF Specialty Building Offered at $1,999,000 in Harrisville, MI 48740

790 Us 23
Harrisville, MI 48740

View Details
Vacant Land located near Harborage Marina

3.71 Acres of Commercial Land in Saint Petersburg, FL 33701

1100 4Th St
Saint Petersburg, FL 33701

View Details
$5,150,000

Walgreens

14,550 SF | Retail Building | Thomson, GA 30824 | $5,150,000 ($354/SF) | 5.99% Cap Rate

668 Main St
Thomson, GA 30824

View Details
$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details

Similar Properties

$3,500,000

16,000 SF Specialty Building Offered at $3,500,000 in Hazle Township, PA 18202

5175 Old Airport Rd
Hazle Township, PA 18202

View Details
$3,500,000

13,788 SF | 100% Leased | Office Building | Las Vegas, NV 89101 | $3,500,000 ($254/SF) | 6% Cap Rate

732 6Th St
Las Vegas, NV 89101

View Details
$3,500,000

The Chimneys

8 Unit Apartment Building | $3,500,000 ($437,500/Unit) | Austin, TX 78705

701 25Th St
Austin, TX 78705

View Details
$3,500,000

5,808 SF | Industrial Building | La Salle, CO 80645 | $3,500,000 ($603/SF)

705 1St Ave
La Salle, CO 80645

View Details
$3,500,000

Building A

24,000 SF | 100% Leased | Industrial Building | Midlothian, VA 23112 | $3,500,000 ($146/SF) | 6.40% Cap Rate

12141 Wilfong Ct
Midlothian, VA 23112

View Details
$3,500,000

22.25 Acres of Commercial Land Offered at $3,500,000 USD in Lavonia, GA 30553

5601 Whitworth Rd
Lavonia, GA 30553

View Details
$3,500,000

Delightful Village of 6 Residences!

5 Unit Apartment Building | $3,500,000 ($700,000/Unit) | 3.77% Cap Rate | Santa Cruz, CA 95065

3230 Mission Dr
Santa Cruz, CA 95065

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].