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18750 NW 2nd Ave
Miami, FL 33169
Burger King - Corporate Long Term NNN Lease · Retail Property For Sale
Investment Highlights
- Corporate, Long-Term NNN Lease: Corporate Guarantee–Just Under 18 Years Remaining on Primary Term–w/10% Increases Every 5 Years
- Store #13-One of The First Burger Kings: More Than 48 Years in Operation
- Proximity to Hard Rock Stadium: 3 Mi From Hard Rock Stadium-Home to Miami Dolphins, Formula 1 Grand Prix, Miami Open Tennis Tournament
- Excellent Visibility & Access: Hard Corner Signalized Intersection-Frontage on NW 2nd Ave–59,000+ VPD–3 Points of Ingress/Egress
- Dense Infill Location:188,000+ People in 3 Mile Radius
- Exceptional Regional Access: Minutes From Golden Glades Interchange (I-95, Palmetto Expressway & Florida’s Turnpike)-Over 350,000+ VPD Combined
Executive Summary
Marcus & Millichap is pleased to present the opportunity to invest in a prime commercial property located at 18750 NW 2nd Ave, Miami, FL, occupied by a national tenant under a long-term lease. The property is tenanted by Burger King, a leading global quick-service restaurant brand with a long-standing reputation for excellence. The Lease is guaranteed by Burger King Company LLC, a subsidiary of Restaurant Brands International (NYSE: QSR), one of the world’s largest quick-service restaurant companies with approximately 30,000 restaurants in more than 100 countries. The subject property features a fully equipped free-standing Burger King® restaurant with drive-thru facility, off-street parking, and prominent pole/monument signage.
This attractive property at a signalized intersection with frontage on NW 2nd Avenue (59,000+ VPD), and benefits from exceptional visibility and 3 access points in a heavily trafficked commercial avenue.
The property is ideally situated in Miami Gardens, part of the Miami-Fort Lauderdale-West Palm Beach MSA – the 7th largest metropolitan area in the United States with over 6.1 million residents. Located just minutes from Hard Rock Stadium (home of the Miami Dolphins, Formula 1 Miami Grand Prix, Miami Open tennis tournament, major concerts, and high-profile events), the site benefits from tremendous event-driven traffic and year-round exposure. The surrounding area boasts strong demographics, excellent connectivity via I-95 and the Palmetto Expressway (SR 826), and robust economic growth driven by tourism, international trade, logistics, tourism, and ongoing residential/commercial development. Miami continues to attract massive domestic and international investment and stands out as one of Florida’s hottest and most dynamic real estate markets.
This unique investment opportunity combines a prime location in a thriving Florida market with a brand-new 2024 corporate-guaranteed NNN lease with just under 18 years of its primary term remaining, four (4) five-year extension options, and 10% rental increases every five years throughout the initial term and option periods.
This attractive property at a signalized intersection with frontage on NW 2nd Avenue (59,000+ VPD), and benefits from exceptional visibility and 3 access points in a heavily trafficked commercial avenue.
The property is ideally situated in Miami Gardens, part of the Miami-Fort Lauderdale-West Palm Beach MSA – the 7th largest metropolitan area in the United States with over 6.1 million residents. Located just minutes from Hard Rock Stadium (home of the Miami Dolphins, Formula 1 Miami Grand Prix, Miami Open tennis tournament, major concerts, and high-profile events), the site benefits from tremendous event-driven traffic and year-round exposure. The surrounding area boasts strong demographics, excellent connectivity via I-95 and the Palmetto Expressway (SR 826), and robust economic growth driven by tourism, international trade, logistics, tourism, and ongoing residential/commercial development. Miami continues to attract massive domestic and international investment and stands out as one of Florida’s hottest and most dynamic real estate markets.
This unique investment opportunity combines a prime location in a thriving Florida market with a brand-new 2024 corporate-guaranteed NNN lease with just under 18 years of its primary term remaining, four (4) five-year extension options, and 10% rental increases every five years throughout the initial term and option periods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,794 SF
Building Class
C
Year Built/Renovated
1977/2017
Price
$4,150,000
Price Per SF
$1,093.83
Cap Rate
4.82%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.46 AC
Zoning
6500
Parking
36 Spaces (9.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 34-2101-026-0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,424,803 |
Property Taxes
Parcel Number
34-2101-026-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,424,803
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