Embed Size (px)
Citation preview
LOCATION
11115 SW 132nd Ave Miami, FL 33186
TOTAL BUILDING AREA
± 4,388 SF
LEASE TYPE
Absolute NNN Ground Lease
YEAR BUILT
2017
LAND SIZE
± 0.88 acres
PARKING
34 Surface Spaces
ANNUAL RENT
$105,000
LEASE TERM /OPTIONS
20 Years/Five 5-Year Options
ANNUAL INCREASES
10% Every 5 Years Including the Options
ASKING PRICE/CAP RATE
$3,000,000 / 3.5%
OFFERING HIGHLIGHTS
• Long-Term National Credit Tenant - McDonald’s (S&P Rated BBB+), through its subsidiary McDonald’s USA, with a new 20-year ground lease and five 5-year renewal options.
• Absolute NNN Ground Lease - No Landlord financial or management obligations• Significant Rental Escalations - 10% rental increases every 5 years, including the
renewal options.• Premier Miami Location - Strategically located on an outparcel at the entrance to
a high volume Publix and CVS anchored neighborhood shopping center in West Kendall, one of Miami’s fastest growing submarkets.
• Attractive Demographic Profile - Exceptionally well located in a densely populated, affluent, and family-friendly area with 18,577 and 178,408 residents, and household incomes of $90,508 and $76,101, within a 1 and 3 mile radius, respectively.
• Florida has no State Income Tax
OVERVIEW
CREC, as exclusive agent for the owner, is pleased to offer for sale to qualified investors the unique opportunity to acquire a 20-year ground lease with a new ±4,388 square foot McDonald’s restaurant, located in Miami, Florida (the “Property”). The brand new restaurant, which opened in January 2017, is situated on 0.88 + acres at the entrance to The Crossings Shopping Village, a 106,688 square foot shopping center anchored by Publix Supermarket, the dominant grocer in Florida, and CVS/Pharmacy. The Property is leased to McDonald’s USA, LLC, a subsidiary of McDonald’s Corpo-ration (NYSE: MCD). The 20-year absolute net ground lease features 10% rental in-creases every 5 years during the initial lease term as well as during the option periods. The Property is located within The Crossings, a premier 750 acre residential community within the West Kendall submarket of Miami, which is one of the fastest growing areas in Miami-Dade County.
FOR SALE – McDonald’s | Absolute Long Term NNN Ground LeaseExceptional South Florida 1031 Exchange Opportunity Miami, Florida
Although the information contained herein is believed to be correct, Broker and Owner have not independently verified the information contained herein and disclaim any and all responsibil-ity for any inaccuracies. Further, Broker expects prospective purchasers to exercise their own independent due diligence in verifying all supplied and relevant information. No representation or warranty, expressed or implied, is made as to the accuracy or completeness of this Offering or any of its contents, or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the proposed sale of the Property.
CREC. Your Florida Partner. 1.888.488.CREC www.crec.com
CREC2121 Ponce de Leon BoulevardSuite 1250Coral Gables, FL 33134305.854.7342 f: 305.858.6239 www.crec.com
For Additional Information
Harry BlydenSenior Vice President305.779.3176e: [email protected]
Warren WeiserChairman305.854.7342e: [email protected]
FOR SALE – McDonald’s | Absolute Long Term NNN Ground Lease | Exceptional South Florida 1031 Exchange Opportunity | Miami, FL
