Burger King - Corporate Long Term NNN Lease 18750 NW 2nd Ave 3 794 pi² Commerce de détail Immeuble Miami, FL 33169 5 873 541 $ CAD (1 548,11 $ CAD/pi²) 4,66% Taux de capitalisation

Marcus & Millichap is pleased to present the opportunity to invest in a prime commercial property located at 18750 NW 2nd Ave, Miami, FL, occupied by a national tenant under a long-term lease. The property is tenanted by Burger King, a leading global quick-service restaurant brand with a long-standing reputation for excellence. The Lease is guaranteed by Burger King Company LLC, a subsidiary of Restaurant Brands International (NYSE: QSR), one of the world’s largest quick-service restaurant companies with approximately 30,000 restaurants in more than 100 countries. The subject property features a fully equipped free-standing Burger King® restaurant with drive-thru facility, off-street parking, and prominent pole/monument signage.
This attractive property at a signalized intersection with frontage on NW 2nd Avenue (110,000+ VPD), and benefits from exceptional visibility and 3 access points in a heavily trafficked commercial avenue.
The property is ideally situated in Miami Gardens, part of the Miami-Fort Lauderdale-West Palm Beach MSA – the 7th largest metropolitan area in the United States with over 6.1 million residents. Located just minutes from Hard Rock Stadium (home of the Miami Dolphins, Formula 1 Miami Grand Prix, Miami Open tennis tournament, major concerts, and high-profile events), the site benefits from tremendous event-driven traffic and year-round exposure. The surrounding area boasts strong demographics, excellent connectivity via I-95 and the Palmetto Expressway (SR 826), and robust economic growth driven by tourism, international trade, logistics, tourism, and ongoing residential/commercial development. Miami continues to attract massive domestic and international investment and stands out as one of Florida’s hottest and most dynamic real estate markets.
This unique investment opportunity combines a prime location in a thriving Florida market with a brand-new 2024 corporate-guaranteed NNN lease with just under 18 years of its primary term remaining, four (4) five-year extension options, and 10% rental increases every five years throughout the initial term and option periods.