15045 NW 7th Ave - Service Station FOR SALE


Miami, FL 33168- Biscayne Gardens West
$1,860,000 USD
706-294-8806
15045 NW 7th Ave, Miami, FL for Sale
$1,860,000 USD
Service Station - FOR SALE
1/7
null | 5% Cap Rate

15045 NW 7th Ave
Miami, FL 33168
Biscayne Gardens West


HIGHLIGHTS

  • Excellent visibility from Interstate 95 (251,000 VPD)
  • 15-Year Ground Lease w/ Corporate Guarantee (Driven Brands)
  • 10% Rent Bumps every 5 years
  • Zero Landlord Responsibilities

OVERVIEW

KnoxSouth is pleased to present a 15-year corporate Take 5 Oil Change ground lease located in Miami, FL. This newly built asset offers a unique investment opportunity in a prime Miami location. Constructed in 2024, the property is situated on a 0.43-acre lot and is strategically positioned near Interstate 95, which will soon have a new exit ramp in front of the property, ensuring excellent visibility and accessibility. This location is part of a growing market with strong demographic trends, making it an attractive entry point for investors looking to capitalize on Miami's dynamic real estate landscape. Priced at $1,860,000, the property offers a 5.0% cap rate generating a net operating income (NOI) of $93,000 annually. The lease terms feature 10% rent increases every five (5) years, providing a steady income stream and protecting against inflation. The property is secured by a 15-year corporate-guaranteed ground lease with Driven Brands (NASDAQ: DRVN), the largest automotive services company in North America. The triple net (NNN) ground lease structure shifts all property management responsibilities, including taxes, insurance, and maintenance, to the tenant, ensuring zero landlord responsibility. The lease also includes four 5-year renewal options, providing long-term stability and predictable income.

FOR SALE DETAILS

PRICE

$1,860,000 USD

PRICE/SF

$1,301 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Take 5 Oil Change - Miami, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,677 SF

ZONING

C

APN/PARCEL ID

30-2124-019-0010

ASK ABOUT THIS PROPERTY

Jefferson KnoxKnoxSouth Real EstateMore Info
706-294-8806

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Jefferson KnoxKnoxSouth Real EstateMore Info
706-294-8806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.