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Chick Fil A | Abs NNN Ground Lease 18240 S Dixie Hwy 5,908 SF 4-Star Retail Building Miami, FL 33157 $12,779,531 CAD ($2,163.09 CAD/SF) 4.25% Cap Rate
Investment Highlights
- 13+ Years Remaining | Corporate Signature (Chick-fil-A, Inc.) |2024 Construction | Several Option Periods | Rental Increases
- Strong Demographics In Local Trade Area | Six Figure Incomes
- Absolute NNN Ground Lease | Leased Fee (Land Ownership) |Zero Landlord Responsibilities | No State Income Tax
- Across From Publix at South Dade Plaza | Strong Tenant Synergy |Florida Turnpike (191,000 VPD) | Nearby New Development Projects
Executive Summary
• Chick-fil-A currently has 13+ years remaining on their lease with 10 (5-year) options to extend
• The lease features a corporate signature from Chick-fil-A, Inc., a private corporation with more than 3,000 under operation nationwide
• 9% rental increases every 5 years during the initial term and at beginning of each option period to extend the lease term
• The lease features a corporate signature from Chick-fil-A, Inc., a private corporation with more than 3,000 under operation nationwide
• 9% rental increases every 5 years during the initial term and at beginning of each option period to extend the lease term
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,908 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2025
Price
$12,779,531 CAD
Price Per SF
$2,163.09 CAD
Cap Rate
4.25%
NOI
$543,119 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
58 Spaces (9.82 Spaces per 1,000 SF Leased)
Frontage
148’ on South Dixie Highway
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Dec 2039
Chick-fil-A began in 1946, when S. Truett Cathy opened a restaurant that grew into a quick-service chicken chain. The company operates restaurants across the United States and also serves select international markets, with a menu centered on chicken sandwiches, breakfast items, salads, sides, and beverages. Chick-fil-A remains family-owned and has also expanded into specialty restaurant formats that reflect its early history and brand heritage. The business combines dine-in, drive-thru, and digital service alongside a food-focused restaurant model.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Dec 2039 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-5032-034-0010 | Improvements Assessment | $1,698,590 CAD |
| Land Assessment | $5,770,130 CAD | Total Assessment | $7,468,720 CAD |
Property Taxes
Parcel Number
30-5032-034-0010
Land Assessment
$5,770,130 CAD
Improvements Assessment
$1,698,590 CAD
Total Assessment
$7,468,720 CAD
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Chick Fil A | Abs NNN Ground Lease | 18240 S Dixie Hwy
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