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Grocery Store

Farm Stores

11700 Quail Roost Dr, Miami, FL 33177

Listing Price: $685,714

Cap Rate
5.25%
Tenant Name
Farm Stores
Years Remaining On Lease
6.4
Gross SF
831
Guarantor
Corporate Guarantee
Rentable SF
831
Price/Gross SF
$825.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.32

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase a Farm Stores located at 11700 Quail Roost Dr, Miami, FL 33177. The property is situated on 7,157 square feet of land and contains 831 square feet of net leasable space. Farm Stores has about 6.6 years remaining on their current lease commitment. Located in what was originally called “Eureka”, South Miami Heights is bordered by Cutler Bay, the Miami-Dade Zoological Park & Gardens, Southland Mall and the Historic Cauley Square Village. Thanks to Henry Flagler's Florida East Coast Railway and its own rich farmlands, thousands of pioneers migrated down from the big city in the first quarter of the 20th century. “Eureka” has since then maintained its historic old-town flavor, as well as becoming a great location with family-oriented civic amenities, including a massive zoo, super-mall, trampoline park and a historic railroad museum. Farm Stores are drive-thru stores that sell groceries, coffee, and fresh-baked breads & pastries. They’ve evolved to best serve the needs of today’s busy consumer, while ensuring brand integrity remains intact. Farm Stores bring a nostalgic experience for multiple generations of Americans, providing the freshest products in the most convenient manner.

Investment Highlights

  • High Visibility Retail Asset With Future Rental Upside
  • Corporate Lease With Farm Stores Land Company
  • NNN Lease –No Landlord Obligations
  • Rent Increases Every 5 years
  • Hard Corner Signalized Intersection –Traffic of 49,000+ Vehicles Per Day
  • Densely Populated Area –278,051 People Within 5 Mile Radius
  • Located Within The Primary Retail Corridor Of This Market
  • Adjacent To Top Performing Grocer (Fresco Y Mas)

Exclusively Listed By

Financing By

Grocery Store

Farm Stores

Listing Price: $685,714

Cap Rate
5.25%
Tenant Name
Farm Stores
Years Remaining On Lease
6.4
Gross SF
831
Guarantor
Corporate Guarantee
Rentable SF
831
Price/Gross SF
$825.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.32

Investment Highlights

  • High Visibility Retail Asset With Future Rental Upside
  • Corporate Lease With Farm Stores Land Company
  • NNN Lease –No Landlord Obligations
  • Rent Increases Every 5 years
  • Hard Corner Signalized Intersection –Traffic of 49,000+ Vehicles Per Day
  • Densely Populated Area –278,051 People Within 5 Mile Radius
  • Located Within The Primary Retail Corridor Of This Market
  • Adjacent To Top Performing Grocer (Fresco Y Mas)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase a Farm Stores located at 11700 Quail Roost Dr, Miami, FL 33177. The property is situated on 7,157 square feet of land and contains 831 square feet of net leasable space. Farm Stores has about 6.6 years remaining on their current lease commitment. Located in what was originally called “Eureka”, South Miami Heights is bordered by Cutler Bay, the Miami-Dade Zoological Park & Gardens, Southland Mall and the Historic Cauley Square Village. Thanks to Henry Flagler's Florida East Coast Railway and its own rich farmlands, thousands of pioneers migrated down from the big city in the first quarter of the 20th century. “Eureka” has since then maintained its historic old-town flavor, as well as becoming a great location with family-oriented civic amenities, including a massive zoo, super-mall, trampoline park and a historic railroad museum. Farm Stores are drive-thru stores that sell groceries, coffee, and fresh-baked breads & pastries. They’ve evolved to best serve the needs of today’s busy consumer, while ensuring brand integrity remains intact. Farm Stores bring a nostalgic experience for multiple generations of Americans, providing the freshest products in the most convenient manner.

Exclusively Listed By

Financing By

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