13899 W Okeechobee Rd | Hialeah, FL 33018
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- LoopNet Team
13899 W Okeechobee Rd
Hialeah, FL 33018
Citgo Truck Stop - Miami, FL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 17 Years Remaining on an Absolute Triple Net (NNN) Lease Providing For No Landlord Responsibility
- Nearly 1 Million Residents Within a 10-mile Radius, Positioning the Property to Benefit From Both Dense Residential Demand and Commuter Volume
- Blended CAP Rate of 9.33% Over the Remainder of the Primary Lease Term, Presenting an Excellent Balance of Yield and Stability
- 2.5% Rent Increase Annually, Providing For a Strong Hedge Against Inflation
- Traffic Count Per Day Exceeds 28,000 and Property is Situated on a Road With Excellent Visibility and Accessibility
- Florida is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,755 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.90 AC
Zoning
BU-1A - Retail
Parking
15 Spaces (0.74 Spaces per 1,000 SF Leased)
Frontage
309’ on W Okeechobee Rd
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 27-2030-015-0120 | Improvements Assessment | $684,335 |
| Land Assessment | $3,476,088 | Total Assessment | $4,160,423 |
PROPERTY TAXES
Parcel Number
27-2030-015-0120
Land Assessment
$3,476,088
Improvements Assessment
$684,335
Total Assessment
$4,160,423
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