Farm Store – Hialeah

605 W 29th Street,

Hialeah, FL 33012

Price:
$1,196,000
Number of Buildings:
1
Number of Stories:
1
Years Built:
1964
Zoning
C-2
Living Area:
760 Square Feet (MDPA)
Type of Ownership:
Fee Simple
HVAC:
Central Air Conditioning
Cap Rate:
6.00%

INVESTMENT HIGHLIGHTS

ABOUT THE INVESTMENT

  • Brand New 10-Year NNN Lease
  • Zero Landlord Responsibilities
  • Corporately Signed Lease
  • 3% Annual Rent Increases in the Base Term & 3 (5-Year) Options
  • Farm Stores is a Pioneer of the Drive-Thru Convenience Store Concept
  • Farm Stores are part of a Growing $700-Billion Industry
  • Farm Stores were Founded in 1935 and are uniquely designed to deliver Bedroom Communities and Neighborhoods the freshest products quick and efficiently
  • Recession, Internet, and Pandemic Proof Tenant

 

ABOUT THE LOCATION

  • This Farm Store is ideally positioned along W 29th Street which offers exposure to approximately 15,400 vehicles per day (VPD)
  • Located in a Growing suburb of Hialeah with an average household income of +/- $75,328 within a 5-mile area (Experian)
  • Extremely Dense Trade Area with over 202,376 residents and 207,020  employees within a 3-mile area (Experian)
  • High Barrier to Entry Market

EXCLUSIVELY LISTED BY

AARON O'CONNOR

First Vice President Investments
Fort Lauderdale Office
Tel: (954) 245-3518
License: FL SL 3143588
aaron.o'connor@marcusmillichap.com
Land / Redevelopment

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
Fax: (954) 206-0420
License: SL FL 3174354
joseph.thomas@marcusmillichap.com