Jimmy’s Diner

Description:

Marcus Millichap is pleased to present for sale 510 NE 125th Street, North Miami, FL, 33161. The Property consists of an outparcel freestanding restaurant with a gross leasable area totaling 2,567 square feet and a lot size of 11,384 square feet. This property presents a unique opportunity for an investor to acquire a NNN single-tenant restaurant in the heart of North Miami. The property is unique as it is a well-known local restaurant, maintaining its original American diner experience. It has built its great reputation with the locals as a staple within the community for nearly 40 years. The current tenant previously worked for the Jimmy's Diner prior to purchasing the business. They recently exercised their first of (3) 5-year options, showing a strong commitment to the location.


It is located just off the intersection of West Dixie Highway & NE 125th Street, giving it easy access and great curb appeal. Additionally, the property is shadow anchored by Presidente Supermarket and has approximately 150 feet of frontage along NE 125th St., with vehicular traffic counts amounting to an average of 35,940 vehicles per day. The subject property is strategically located near major highways and I-95. It is centrally located in North Miami servicing the community and surrounding neighborhoods. The surrounding area consists of an array of major national retailers and family housing, , with nearby developments soon to follow.





Absolute NNN – Zero Landlord Responsibilities
Well-Known Local Diner Established in 1985
C-3 Zoning Allowing Multiple Commercial Uses
Free-Standing Building with 27 Parking Spaces
Rent Increases of 10 Percent Each Option Period
Close Access to I-95 & West Dixie Highway
Multiple Points of Entry to Access Restaurant