605 W 29th St 760 SF Retail Building Hialeah, FL 33012 $1,196,000 ($1,573.68/SF) 6% Cap Rate

This offering features a brand-new 10-year NNN lease with zero landlord responsibilities, corporately guaranteed by Farm Stores. The lease includes 3% annual rent increases during the base term and in each of the three five-year renewal options. Farm Stores, founded in 1935, pioneered the drive-thru convenience store concept and continues to thrive as part of a growing $700-billion industry. Their uniquely designed locations serve bedroom communities and neighborhoods by delivering fresh products quickly and efficiently. As a recession-resistant, internet-proof, and pandemic-proof tenant, Farm Stores offers long-term stability and reliability for investors.
This Farm Store is ideally positioned along W 29th Street, benefiting from excellent visibility with approximately 15,400 vehicles passing daily. It is located in a growing suburb of Hialeah, where the average household income within a five-mile radius is approximately $75,328, according to Experian. The property is surrounded by an extremely dense trade area, with over 202,376 residents and 207,020 employees within just three miles. Additionally, Hialeah is recognized as a high barrier-to-entry market, further enhancing the long-term value and stability of this location.