Corporate Take 5 Oil Change - Miami, FL 15045 NW 7th Ave Local commercial 133 m² À vendre Miami, FL 33168 1 723 104 € (12 970,17 €/m²) Taux de capitalisation 5 %

KnoxSouth is pleased to present a 15-year corporate Take 5 Oil Change ground lease located in Miami, FL. This newly built asset offers a unique investment opportunity in a prime Miami location. Constructed in 2024, the property is situated on a 0.43-acre lot and is strategically positioned near Interstate 95, which will soon have a new exit ramp in front of the property, ensuring excellent visibility and accessibility. This location is part of a growing market with strong demographic trends, making it an attractive entry point for investors looking to capitalize on Miami's dynamic real estate landscape.
Priced at $1,860,000, the property offers a 5.0% cap rate generating a net operating income (NOI) of $93,000 annually. The lease terms feature 10% rent increases every five (5) years, providing a steady income stream and protecting against inflation. The property is secured by a 15-year corporate-guaranteed ground lease with Driven Brands (NASDAQ: DRVN), the largest automotive services company in North America. The triple net (NNN) ground lease structure shifts all property management responsibilities, including taxes, insurance, and maintenance, to the tenant, ensuring zero landlord responsibility. The lease also includes four 5-year renewal options, providing long-term stability and predictable income.