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Former Wendy's QSR Building + Drive Thru 1515 NW 7th St
2,620 SF of Retail Space Available in Miami, FL 33125
Highlights
- Vacant Wendy's QSR Building + Drive Thru
- Access to the SR 836 and I-95 via NW 17th Avenue
- High Traffic Location - 50,000 VPD intersection
- Urban Core Miami Location
- High Density Area - 523,923 in 5-mile radius
- Near Health District, Downtown Miami, and Brickell
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 2,620 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Triple Net |
1st Floor
The Property consists of a 2,620 square foot single tenant building on a 0.56-acre (24,193 square foot) parcel of land. The Property was occupied by Wendy’s until Q2 2024. The Property is zoned (T6-8-0) Urban Core Zone, one of the more versatile zoning designations in Miami.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1515 NW 7th St , Miami, FL 33125
| Property Type | Retail | Gross Internal Area | 2,620 SF |
| Property Subtype | Freestanding | Year Built | 2001 |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 2,620 SF |
| Year Built | 2001 |
About the Property
The Property consists of a 2,620 square foot single tenant building on a 0.56-acre (24,193 square foot) parcel of land. The Property was occupied by Wendy’s until Q2 2024. The Property is well located along NW 7th Street, one of the area’s primary commercial and commuter corridors. The vacant building enjoys outstanding frontage and visibility along NW 7th Street and benefits from several points of access. The Property is positioned across the street from Loan Depot Park, the home of the Miami Marlins, and enjoys convenient access to the area’s primary roadways, sports complexes and recreation areas, and numerous schools. The Property is less than 1.5-miles from three area Hospitals (Miami VA Medical Center, University of Miami Hospital and Jackson Memorial Hospital) and is surrounded by businesses and national retailers that drive traffic to the area. Additionally, the immediate area is home to densely populated residential neighborhoods that provide a built-in customer base.
Nearby Major Retailers
-
Arnaldo Cantero III -
BGRS Commercial Real Estate Advisory
Presented by
Former Wendy's QSR Building + Drive Thru | 1515 NW 7th St
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