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Chick Fil A | Abs NNN Ground Lease 18240 S Dixie Hwy 5,908 SF 4-Star Retail Building Miami, FL 33157 $9,625,000 ($1,629.15/SF) 4% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Signature (Chick-fil-A, Inc.) |2024 Construction | Several Option Periods | Rental Increases
- Strong Demographics In Local Trade Area | Six Figure Incomes
- Absolute NNN Ground Lease | Leased Fee (Land Ownership) |Zero Landlord Responsibilities | No State Income Tax
- Across From Publix at South Dade Plaza | Strong Tenant Synergy |Florida Turnpike (191,000 VPD) | Nearby New Development Projects
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,908 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2025
Price
$9,625,000
Price Per SF
$1,629.15
Cap Rate
4%
NOI
$385,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
58 Spaces (9.82 Spaces per 1,000 SF Leased)
Frontage
148’ on South Dixie Highway
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Dec 2039
Chick-fil-A began in 1946 when Truett Cathy opened Dwarf Grill in Georgia. The original restaurant pioneered the chain's famous chicken sandwich. Over decades, the company expanded across the United States and into Canada while maintaining its signature menu. Today, the brand operates numerous locations nationwide while staying closed on Sundays. Their business model focuses on quick-service restaurants and licensed catering services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Dec 2039 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-5032-034-0010 | Improvements Assessment | $1,204,076 |
| Land Assessment | $4,090,260 | Total Assessment | $5,294,336 |
Property Taxes
Parcel Number
30-5032-034-0010
Land Assessment
$4,090,260
Improvements Assessment
$1,204,076
Total Assessment
$5,294,336
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Chick Fil A | Abs NNN Ground Lease | 18240 S Dixie Hwy
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