Skip to main content

Vacant-User

Jimmy's Diner

510 NE 125th St, North Miami, FL 33161

Listing Price: $1,450,000

Cap Rate
6.37%
Gross SF
2,567
Rentable SF
2,567
Price/Gross SF
$564.86
Lot Size
0.31 acres
Year Built
1969

Investment Overview

Marcus Millichap is pleased to present for sale 510 NE 125th Street, North Miami, FL, 33161. The Property consists of an outparcel freestanding restaurant with a gross leasable area totaling 2,567 square feet and a lot size of 11,384 square feet. This property presents a unique opportunity for an investor to acquire a NNN single-tenant restaurant in the heart of North Miami. The property is unique as it is a well-known local restaurant, maintaining its original American diner experience. It has built its great reputation with the locals as a staple within the community for nearly 40 years. The current tenant previously worked for the Jimmy's Diner prior to purchasing the business. They recently exercised their first of (3) 5-year options, showing a strong commitment to the location. It is located just off the intersection of West Dixie Highway & NE 125th Street, giving it easy access and great curb appeal. Additionally, the property is shadow anchored by Presidente Supermarket and has approximately 150 feet of frontage along NE 125th St., with vehicular traffic counts amounting to an average of 35,940 vehicles per day. The subject property is strategically located near major highways and I-95. It is centrally located in North Miami servicing the community and surrounding neighborhoods. The surrounding area consists of an array of major national retailers and family housing, , with nearby developments soon to follow.

Investment Highlights

  • Absolute NNN – Zero Landlord Responsibilities
  • Well-Known Local Diner Established in 1985
  • C-3 Zoning Allowing Multiple Commercial Uses
  • Free-Standing Building with 27 Parking Spaces
  • Rent Increases of 10 Percent Each Option Period
  • Close Access to I-95 & West Dixie Highway
  • Multiple Points of Entry to Access Restaurant

Exclusively Listed By

Listing Price: $1,450,000

Cap Rate
6.37%
Gross SF
2,567
Rentable SF
2,567
Price/Gross SF
$564.86
Lot Size
0.31 acres
Year Built
1969

Investment Highlights

  • Absolute NNN – Zero Landlord Responsibilities
  • Well-Known Local Diner Established in 1985
  • C-3 Zoning Allowing Multiple Commercial Uses
  • Free-Standing Building with 27 Parking Spaces
  • Rent Increases of 10 Percent Each Option Period
  • Close Access to I-95 & West Dixie Highway
  • Multiple Points of Entry to Access Restaurant

Investment Overview

Marcus Millichap is pleased to present for sale 510 NE 125th Street, North Miami, FL, 33161. The Property consists of an outparcel freestanding restaurant with a gross leasable area totaling 2,567 square feet and a lot size of 11,384 square feet. This property presents a unique opportunity for an investor to acquire a NNN single-tenant restaurant in the heart of North Miami. The property is unique as it is a well-known local restaurant, maintaining its original American diner experience. It has built its great reputation with the locals as a staple within the community for nearly 40 years. The current tenant previously worked for the Jimmy's Diner prior to purchasing the business. They recently exercised their first of (3) 5-year options, showing a strong commitment to the location. It is located just off the intersection of West Dixie Highway & NE 125th Street, giving it easy access and great curb appeal. Additionally, the property is shadow anchored by Presidente Supermarket and has approximately 150 feet of frontage along NE 125th St., with vehicular traffic counts amounting to an average of 35,940 vehicles per day. The subject property is strategically located near major highways and I-95. It is centrally located in North Miami servicing the community and surrounding neighborhoods. The surrounding area consists of an array of major national retailers and family housing, , with nearby developments soon to follow.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower