$3,412,240 USD
786-338-5731
2678 Tigertail Ave
Miami, FL 33133
Northeast Coconut Grove
HIGHLIGHTS
- Rare NNN Leased Retail Condominium Located in Exclusive Coconut Grove Submarket
- JETSET Pilates Lease Has Full 10 Year Term with Aggressive 3% Annual Base Rental Increases
- JETSET Pilates Currently Operates 5 Locations in South Florida with Four More Under Development
- Easy To Manage Retail Condominium Offers Simple Cash Flow for Investors Looking to Simplify Their Investment Portfolio
- The Subject Property is Located at the Base of Mr. C’s Residences, a 231 Unit, Two-Tower Luxury Condominium Project Being Developed by Terra Group
- The Retail Condominium Faces Tigertail Avenue, Just Minutes from Downtown Coconut Grove and Around the Corner from Bayshore Road and the Grove Harbor.
OVERVIEW
Marcus & Millichap is proud to exclusively market the JETSET Pilates Coconut Grove NNN Retail Condominium investment opportunity. This is a 3,281 square foot new construction retail condominium inside the exclusive Mr. C’s Residences located between Bayshore Drive and Tigertail Avenue in the heart of Coconut Grove.
FOR SALE DETAILS
PRICE
$3,412,240 USD
PRICE/SF
$1,040 USD /SF
CAP RATE
6.25%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
TOTAL BUILDING SIZE
3,281 SF
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
1.53 AC
LAND SF
66,460 SF
ZONING
B-3
APN/PARCEL ID
01-4122-001-1450,01-4122-048-0040,01-4122-048-0350,01-4122-048-0480,01-4122-048-1010,01-4122-048-1240,01-4122-048-1290
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786-338-5731
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786-338-5731
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