1400 Collins Ave - Drug Store FOR SALE
Miami Beach, FL 33139 |
1400 Collins Ave
Miami Beach, FL 33139
HIGHLIGHTS
- Commitment: Brand new 15-year lease with 5% rental escalations throughout the initial term and options
- Location: Asset situated on a signalized hard corner intersection on Collins Avenue and 14th street with over 14,000 vehicles per day
- Landlord Responsibilities: Allows for a true passive investment with no management required
- Tax Benefits: Investors can depreciate land and building due to fee simple ownership. No state income tax
- Demographics: Over 58,000 residents and average household incomes of $109,000 within a 3-mile radius
- Credit: Opportunity to acquire an investment grade (S&P: BBB) trophy asset in world famous South Beach
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
11565
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
02-3234-008-0800
