Posted: Monday, October 9, 2017 8:50 AM
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.
• Location: Miami, North Miami Beach
• Post ID: 52211708 miami