November 12, 2024 – Jarett Zachman and Michael Talbert of Horvath & Tremblay have successfully completed the sale of 1515 NW 7th Street, a former Wendy’s in Miami, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,970,000.
The vacant Wendy’s is located at 1515 NW 7th Street in Miami, Florida. 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. 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 119th 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.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.