JLL is pleased to offer for sale four ground lease assets (the “Assets”) located at the intersection of Miami and Doral, FL. Included are a Home Depot, City Furniture / Ashley Homestore, Carvana, and Chili's. The Assets are part of a retail center called the Shops at Beacon Lakes and can be purchased individually, or as a portfolio (with or without the larger shopping center). They have direct exposure to 124,000 drivers that pass on the Turnpike, with another 124,000 being added with an agency-proposed exit off the Dolphin Expressway. Additionally, the only Topgolf within a 25-mile radius is adjacent to the property. This offering presents the opportunity to acquire excellent intrinsic real estate in a growth market to national tenants.
- 18.5-Year Home Depot Ground Lease for $33,700,000 (4.25% Cap)
- 7.5-Year Carvana Ground Lease for $5,043,000 (5.75% Cap)
- 9.5-Year Chili's Ground Lease for $3,700,000 (5.00% Cap)
- 18-Year City Furniture / Ashley Homestore for $17,391,000 (5.75% Cap)