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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 $9,059,000 ($1,533.34/SF) 4.25% Cap Rate
Investment Highlights
- 13+ Years Remaining | 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
Executive Summary
• The lease features a corporate signature from Chick-fil-A, Inc., a private corporation with more than 3,000 under operation nationwide
• 9% rental increases every 5 years during the initial term and at beginning of each option period to extend the lease term
Property Facts
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 S. Truett Cathy and his brother Ben opened the Dwarf Grill in Georgia, laying the foundation for the company's restaurant business. The first Chick-fil-A restaurant opened in 1967, and the company grew around a menu centered on chicken sandwiches, breakfast items, salads, sides, and beverages. Chick-fil-A operates as a quick-service restaurant brand with a strong catering business and a mix of dine-in, drive-thru, and digital ordering services. The company also supports food quality and sourcing programs while maintaining a wide presence across the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Dec 2039 |
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
Presented by
Chick Fil A | Abs NNN Ground Lease | 18240 S Dixie Hwy
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