Restaurant

McDonald’s Miami Metro | 15 Year Low Rent Ground Lease | Hard Corner Pad to Walmart Supercenter

13690 Biscayne Drive, Homestead, FL 33033

Listing Price: $2,500,000

Cap Rate
4.00%
Tenant Name
McDonald's
Years Remaining On Lease
14.4
Gross SF
3,605
Guarantor
Corporate Guarantee
Rentable SF
3,605
Price/Gross SF
$693.48
Lease Type
Absolute Net
Rent Per Square Feet
$27.74

Investment Overview

Homestead is a city within Miami-Dade County in the U.S. state of Florida, between Biscayne National Park to the east and Everglades National Park to the west. Homestead is primarily a Miami suburb and a major agricultural area and is a principal city of the Miami Metropolitan Area. The city of Homestead is located near the southern terminus of the Homestead Extension of Florida’s Turnpike where it ends at its junction with U.S. 1. Homestead is immediately north and east of Florida City, and these two cities comprise the greater Homestead-Florida City area. Some of the notable unincorporated communities in the area are Redland, Leisure City, Naranja, and Princeton.

Investment Highlights

  • Corporate 15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Features a Dual-Drive Thru and Below Market Rent.
  • Strong Performing Location per Placer.ai: Top 15% of all McDonald's Locations Tracked Nationally and Top 10% of Most Visited Locations in a 10-Mile Radius.
  • Positioned Along Area's Major Retail & Traffic Corridor. Hard Corner Location at a Signalized Intersection - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 26k Vehicles.
  • Outparcel to Walmart Supercenter - Located Across from a Publix Super Market and Walgreens. Near Numerous other National Retailers including Lowe's, Ross, Michaels, Kohl's and more.
  • Near Homestead Hospital - A Modern, Full-Service 142-Bed Facility. The new $135 Million Hospital opened in May 2007 and Serves a Wide-Range of Critical Care to Residents around the Area.
  • Less than a Mile from Homestead Air Reserve Base - with an Employment of more than 3,000 People. Annually, the Base's Economic Impact on the Community Exceeds $260 Million.
  • Densely Populated Area: Features more than 169k People Residing within a 5-Mile Radius.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Restaurant

McDonald’s Miami Metro | 15 Year Low Rent Ground Lease | Hard Corner Pad to Walmart Supercenter

Listing Price: $2,500,000

Cap Rate
4.00%
Tenant Name
McDonald's
Years Remaining On Lease
14.4
Gross SF
3,605
Guarantor
Corporate Guarantee
Rentable SF
3,605
Price/Gross SF
$693.48
Lease Type
Absolute Net
Rent Per Square Feet
$27.74

Investment Highlights

  • Corporate 15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Features a Dual-Drive Thru and Below Market Rent.
  • Strong Performing Location per Placer.ai: Top 15% of all McDonald's Locations Tracked Nationally and Top 10% of Most Visited Locations in a 10-Mile Radius.
  • Positioned Along Area's Major Retail & Traffic Corridor. Hard Corner Location at a Signalized Intersection - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 26k Vehicles.
  • Outparcel to Walmart Supercenter - Located Across from a Publix Super Market and Walgreens. Near Numerous other National Retailers including Lowe's, Ross, Michaels, Kohl's and more.
  • Near Homestead Hospital - A Modern, Full-Service 142-Bed Facility. The new $135 Million Hospital opened in May 2007 and Serves a Wide-Range of Critical Care to Residents around the Area.
  • Less than a Mile from Homestead Air Reserve Base - with an Employment of more than 3,000 People. Annually, the Base's Economic Impact on the Community Exceeds $260 Million.
  • Densely Populated Area: Features more than 169k People Residing within a 5-Mile Radius.

Investment Overview

Homestead is a city within Miami-Dade County in the U.S. state of Florida, between Biscayne National Park to the east and Everglades National Park to the west. Homestead is primarily a Miami suburb and a major agricultural area and is a principal city of the Miami Metropolitan Area. The city of Homestead is located near the southern terminus of the Homestead Extension of Florida’s Turnpike where it ends at its junction with U.S. 1. Homestead is immediately north and east of Florida City, and these two cities comprise the greater Homestead-Florida City area. Some of the notable unincorporated communities in the area are Redland, Leisure City, Naranja, and Princeton.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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