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Views: 78 DOM: 47 Updated: 09.12.24 Posted: 07.31.24 Status: Active

Summary

Price $3,547,433
Built/Renov 2018
Tenant Japan Inn
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,984
Lease Start 06-30-2019
#Units 4
Price/SF $711.76
Expiration 06-30-2039
Tenant Type Casual Dining
NOI $212,846
R. Term 14.9
Ownership Fee Simple
Rent/SF $42.71
Increases 2.0%/1/yrs
Pop 5Mi 336,650
Lot/AC 1.00
Options 4/5yrs/2%
AHHI 5Mi $89,299

Lease Highlights

  • Japan Inn has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Japan Inn is strategically located on NW 107th Avenue, with access to 44,500 vehicles passing by daily. The property is an outparcel to the Nuvo Suites Hotel and is situated across the street from Miami International Mall. It is also near Dolphin Mall, which attracts approximately 36 million visitors annually, and is just off the 107th Avenue exit from the Dolphin Expressway (25,000 VPD)....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Japan Inn
  • Guarantor:Corporate
  • Company:Japan Inn Group
  • # Units:4
  • Stock:Private

About Tenant

Founded in 1990, Japan Inn is a well-established Japanese restaurant chain, celebrated for its authentic cuisine and engaging dining experiences, particularly its teppanyaki and sushi offerings....


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Listing Broker

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