7450 NW 186th St - Restaurant FOR SALE
Hialeah, FL 33015 |
$2,823,529 USD
786-302-0388
7450 NW 186th St
Hialeah, FL 33015
HIGHLIGHTS
- IHOP has been operating at this location since 1998 and exercised their 6th renewal option in 2023, showing a strong commitment to the site.
- One 5-year renewal option remaining in 2028.
- Long Term triple-net (NNN) lease.
- Historical sales at this location are $2,000,000 annually (+/-), making it a strong performance store.
- This location benefits from Annual Rent based on six percent of the Gross Annual Sales.
- Largest IHOP franchisee with over 150 restaurants throughout Florida and Southern Georgia.
FOR SALE DETAILS
PRICE
$2,823,529 USD
PRICE/SF
$624 USD /SF
CAP RATE
4.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
0.31 AC
LAND SF
13,504 SF
ZONING
BU-1A
APN/PARCEL ID
30-2011-029-0010
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786-302-0388
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786-302-0388
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