Commercial NNN Bldg - 22353, North Miami FL

Retail for Sale - $6,770,000

Capital Commercial Real Estate Group, In

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Agent Info

NameCAPITAL COMMERCIAL
CompanyCapital Commercial Real Estate Group, In

Property Info

CIMLS #953357
LocationCommercial NNN Bldg - 22353
North Miami FL 33181
Last UpdatedMay 24th, 2017
TypeRetail
Price$6,770,000

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Property Description

The subject property is situated in a HOT location with prime frontage on heavily populated Biscayne Blvd. It is right next to Total Wine, Chipotle, Audi and Lamborghini Miami and just across the street from a Publix and Costco power center. The property is in excellent condition and its 40-year inspection has been completed. The tenant is doing tremendous business at this location and they have never made a late payment. There is ample parking to suit 45+ cars and a rear loading door with warehouse space for stock/storage. Traffic counts are 60,000+ vehicles per day. The tenant is on an absolute NNN lease and pays quarterly. They are currently in the third year of their lease. There are a total of about 3 years remaining on the initial lease term which is followed by four 5 year option periods that can run all the way until 2044. For additional information, contact Adam Yacoby at 305-310-9248.


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