Commercial Kitchens 5955 NE 2nd Ave 4,950 SF 100% Leased Industrial Building Miami, FL 33137 $8,010,925 CAD ($1,618.37 CAD/SF) 6.92% Cap Rate

5955–5957 NE 2nd Avenue is a fully stabilized commercial kitchen property positioned along the rapidly improving NE 2nd Avenue
corridor between the Design District and Little River. The asset delivers reliable income, long-term tenancy, and minimal operational
oversight—an attractive profile for investors seeking durable cash flow in Miami’s core infill market.
The ±5,000 SF building was fully renovated in 2024 and consists of two independent kitchen suites, each built for high-volume food
production and delivery operations. Every suite is equipped with a 28-foot hood system, three walk-in coolers, a dedicated grease trap,
independent utility meters, and commercial-grade infrastructure, allowing each tenant to operate autonomously.
The property is 100% leased on long-term NNN leases to two established operators:
FOOD DUDES, Toronto-based and active in Miami since 2021, expanded into the property to increase production capacity and
support its growing catering and food-service business. The group signed a 10-year lease and invested $150,000+ in additional
equipment to service major clients in South Florida.
CHEF BITES, backed by New York–based Terence Partners, operates a proprietary multi-brand ordering platform with integrated
logistics and automated kitchen systems. The company invested $500,000+ in equipment and has consistently exceeded
performance expectations.
Under the NNN structure, tenants maintain all major systems—including HVAC, hood, fire suppression, and grease
management—through required service agreements. The leases also include a management fee, providing additional revenue potential
for self-managing owners.
As part of the 2024 renovation, the property received a new roof, updated plumbing and electrical, new HVAC, impact glass, skylights,
upgraded interiors, and a full security system. With impact fees paid and no deferred maintenance, the asset requires no near-term
capital outlay.
Located minutes from major residential districts and key distribution routes, 5955–5957 NE 2nd Avenue is strategically positioned to
benefit from sustained demand for production and delivery kitchens in Miami. The combination of upgraded infrastructure, strong lease
economics, long-term tenancy, and limited management responsibility creates a stable and straightforward income-producing
opportunity for investors.