Miami, FL (Dixie Hwy) - Chick-fil-a

Description:

• Brand new 15-year lease with 10 (5-year) options to extend
• The lease features a corporate signature from Chick-fil-A, Inc., a private corporation with more than 3,000 under operation nationwide
• 9% rental increases every 5 years during the initial term and at beginning of each option period to extend the lease term

• Chick-fil-A fronts South Dixie Highway (Route 1), a major retail thoroughfare that experiences more than 51,500 vehicles per day on average
• The subject property is strategically positioned across from the Publix-anchored South Dade Plaza, which ranks in the 78th percentile (1,539 out of 7,176) of all community shopping centers nationwide via Placer.ai
• 1.3 miles East off the Florida Turnpike (191,100 VPD), allowing users to benefit from on/off ramp access to the site and surrounding Miami trade areas
• The Southland Mall, located just South of the subject property, is set to undergo a massive $1B re-development over the next 7 years:
• The venture, called Southplace City Center, is one of the largest projects of its kind in the southeast part of the state. The ownership team envisions a city within a city for living, working, shopping and playing
• Preliminary plans include the redevelopment and reinvention of the current Southland Mall, with more than 500,000 SF of retail, dining and entertaining venues, and an additional 150,000 SF of retail space and areas for food and beverage operators