August 28, 2024 – Jarett Zackman and Michael Talbert of Horvath & Tremblay have successfully completed the sale of a Vacant QSR Property in Hialeah, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,050,000.
The Vacant Property is located at 7560 NE 186th Street in Hialeah, Florida. The Property consists of a 3,753 square foot single tenant building on a 1.05-acre (45,658 square foot) parcel of land. The Property was occupied by Wendy’s until Q2 2024. The Property is zoned (BU-1A) Limited Business Use District, one of the most versatile zoning designations in Hialeah. The Property is zoned (BU-1A) Limited Business Use District which is one of the most versatile zoning designations in Hialeah. The (BU-1A) Limited Business Use District is intended primarily to provide for retail and service convenience facilities which satisfy the essential and frequent needs of the adjacent residential neighborhood as well as the more specialized commercial facilities which may serve several neighborhoods. The Property is exceptionally well located along NW 186th Street (SR 860), one of the area’s primary commercial and commuter corridors. The vacant building enjoys outstanding frontage and visibility along NW 186th Street and is an outparcel to the Boulevard Shops at Gallery Streets. The Property enjoys convenient access to the area’s primary roadways, sports complexes and recreation areas, and numerous schools. The Property is 1.75-miles from Interstate 75, 2-miles from SR 826, 2.1-miles from SR 823, 2.2-miles from the Ronald Reagan Turnpike, and 8-miles from the Florida Turnpike and Interstate 95.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.