- The tenant has 21 years remaining on their original 23-year lease
- 2% annual rental increases throughout the initial term and CPI annual increases throughout options to extend, increasing NOI and hedging against inflation
- The lease is guaranteed by Trinity Petro LLC
- The lease includes 2 (10-year) options to extend, demonstrating their long-term commitment to the site
Investment Offering
Miami Gardens, FL - Trinity Petroleum
3695 NW. 167th Street | Opa-Locka, FL 33056
$4,769,000
Price7%
Cap Rate$333,836
NOI600
± SF Offering GLADescription
Location
- Subject property is strategically located at the signalized, hard corner intersection of NW 37th Avenue and NW 167th Street, averaging a combined 40,700 VPD
- Chevron is positioned directly off Palmetto Expressway (155,500 VPD), a bypass route serving the greater Miami trade area
- Near St. Thomas University, a private Catholic university with nearly 10,000 students enrolled
- The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215