Family Dollar

3465 NW 183rd St, Miami Gardens, FL
Deal Type:
Net Lease
Price:
$2,474,000
Cap Rate:
7.25%
Current Rent:
$179,385
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 8 years
Renewal Options:
6, Five-year
Building Sq. Ft.:
8,320 SF
Rent Increases:
10% on 7/1/2027 and in each option
Site Size:
1.03 Acres

Investment Highlights

  • Zero Landlord Responsibilities: Absolute NNN lease structure allowing for passive ownership.
  • Upcoming Rent Increase: There is a 10% rent increase in July 2027 bringing the cap rate to 7.97% on the asking price. Family Dollar has 10% rent increases in each option period thereafter.
  • Well Positioned: Situated nearby to Gardens Promenade Shopping Mall which includes anchor tenants like Ross Dress for Less and Burlington. Other national tenants in the area include Walmart Supercenter, Aldi, Walgreens, and McDonald’s.
  • Populated Submarket: Over 155,000 people reside within a 3 mile radius of the store.
  • Miami Carol Senior High School: Situated adjacent to Miami Carol Senior High School which has approximately 804 students enrolled.
  • Hard Rock Stadium: Located within a 10 minute drive of the store, Hard Rock Stadium is home to the Miami Dolphins and University of Miami Hurricanes Football teams. It can hold up to 65,326 fans and has a parking capacity of 26,718 cars.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Broker of Record: Jonathan Wolfe, FL CQ1065459

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