McDonald's 11115 SW 132nd Ave 4,388 SF Retail Building Miami, FL 33186 $3,080,000 ($701.91/SF) 3.75% Cap Rate

Marcus & Millichap is pleased to present for sale this Absolute Net Leased McDonald’s located at 11115 SW 132nd Avenue in Miami, Florida, just 23 miles South-West of Downtown Miami. The subject property consists of a free-standing building with a drive-thru and is situated as an outparcel to a very strong performing Publix anchored center.
The property benefits from excellent access and visibility to more than 9,300 vehicles per day. The McDonald’s sits as an outparcel to a highly trafficked and completely renovated Publix anchored center comprised of +109,000 SF of retail and tenants including YouFit Health Club, Chicken Kitchen, Chase, Five Below, and several others. Publix recently underwent a full tear-down/ rebuild of its 47,000 SF box while the inline shops received full renovations. The property is also surrounded by thousands of rooftops from the multitude of nearby neighborhoods in the West Kendall Submarket, one of the most densely populated areas in South Florida. The immediate trade area is also home to Wendy’s, Dunkin, Wawa, Aldi, Burger King, Bonefish Grill, and numerous other National and Regional Tenants.
Executed in 2015, McDonald’s lease features ±12 years of primary term remaining with a 10 percent rent increase in November 2026 and every five years thereafter, including in each of the five 5-year renewal options.
Founded in 1940, McDonald’s Corporation (NYSE: MCD, S&P: BBB+) is the world’s leading food service retailer with 40,801 locations throughout 100 countries, serving nearly 69 million people each day. More than 95% of the company’s restaurants worldwide are owned and operated by independent franchisees. As of June 30, 2023, McDonald’s Corporation generated $24.2 billion in TTM total revenues, $8.0 billion in TTM net income and $50.4 billion in total assets. The tenant under the Lease—McDonald’s USA, LLC—is wholly owned subsidiary of McDonald’s Corporation.