Motor Shop Center NNN Property For Sale — Hialeah, FL · 12,500 SF
Hialeah, FL 33016
Freestanding, single-tenant net-leased investment opportunity located in Hialeah Gardens, Florida. The subject property comprises a 12,500-square-foot retail showroom facility situated on approximately 0.69 acres. The asset is 100% occupied by Motor Shop Center, an established South Florida powersports retailer, dealership, and service business operating under a 10-year NNN lease expiring July 31, 2035, with approximately 8.9 years of term remaining. The lease features annual rental escalations equal to the greater of 3% or CPI, providing strong built-in NOI growth and an average projected cap rate of approximately 6.68% over the remaining term. The lease is backed by a personal guaranty. The site boasts roughly 100 feet of frontage along NW 77th Avenue with excellent visibility from the…
- Address: Hialeah, FL 33016
- Asking price $4.59M
- 6.00% cap rate
- NOI $275,783
- 8.9 years remaining
- NNN lease
- Year built: 1959
- Building size: 12,500 SF
- Lot size: 0.69 acres
- Lease expiration: Jul 31, 2035
- Rent increases: Annually: Greater of 3% or CPI
- Guarantor: Corporate
Location
This Motor Shop Center property is in Hialeah, Florida.
Asset type: Auto Dealership / Showroom