List Search

7450 NW 186th St
Hialeah, FL 33015

$2,823,529 USD

Restaurant For Sale  •  4,524 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,524 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 4.25 %
  • Tenancy Single
  • Zoning BU-1A
34 Transit Score
73 Walk Score

Highlights

IHOP has been operating at this location since 1998 and exercised their 6th renewal option in 2023, showing a strong commitment to the site.
One 5-year renewal option remaining in 2028.
Long Term triple-net (NNN) lease.
Historical sales at this location are $2,000,000 annually (+/-), making it a strong performance store.
This location benefits from Annual Rent based on six percent of the Gross Annual Sales.
Largest IHOP franchisee with over 150 restaurants throughout Florida and Southern Georgia.
Cap Rate: 4.25 %

Major Tenants

Tenant SF Occupied Lease End Date
IHOP 11/30/2033

Amenities

  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
Opa-Locka (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 13 min - 7.1 mi
Golden Glades (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 16 min - 9.6 mi
AirportDriveWalkDistance
Miami International 25 min - 12.8 mi
Fort Lauderdale/Hollywood International 30 min - 18.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 28
Type: Surface
Included in Rent: Yes
Jonathan Hernandez 786-302-0388 R I C Inc
Jonathan Hernandez 786-302-0388 R I C Inc