Taco Bell NNN Property For Sale — North Miami Beach, FL
1650 NE 163rd Street, North Miami Beach, FL 33162
This offering features an absolute triple net (NNN) lease with zero landlord responsibilities, establishing a secure and passive investment opportunity. The lease, which commenced on March 24, 2010, extends for a twenty-year term, expiring on March 23, 2030. Investors benefit from attractive rental increases of ten percent (10%) every five years, with the next increase scheduled for March 24, 2015. The lease includes four (4) options to extend for five (5) years each, with rental increases continuing throughout these option periods. The property boasts excellent visibility and access in a dense, in-fill location at the southwest corner of NE 163rd Street and NW 17th Avenue. NE 163rd Street is a significant east-west corridor, experiencing daily traffic counts of 50,000 vehicles. The surro…
- Address: 1650 NE 163rd Street, North Miami Beach, FL 33162
- Asking price $1.54M
- 6.65% cap rate
- NOI $102,506
- 3.5 years remaining
- NNN lease
- Year built: 2010
- Building size: 2,259 SF
- Lot size: 0.74 acres
- Lease expiration: Mar 23, 2030
- Rent increases: March 24 2015
- Guarantor: Corporate
Location
This Taco Bell property is at 1650 NE 163rd Street in North Miami Beach, Florida.
Asset type: Retail - Restaurant