$25,071,000 USD
954-302-7365
845 E Okeechobee Rd
Hialeah, FL 33010
Essex Village
HIGHLIGHTS
- Corporate Guaranteed Lease | Options To Extend | 20-Year Lease w/ 6 (5-Year) Options
- Absolute NNN | Fee Simple Ownership | No State Income Tax |Zero Landlord Responsibilities
- Signalized Intersection | Adjacent to Miami International Airport | Surrounding Hotels/Retailers | Heavily Trafficked Corridors
- Dense Demographics 5-Mile Trade Area | Multi-Cultural Presence
OVERVIEW
• Brand new 20-year lease with 6 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option period
• Signed lease by Holiday CVS, LLC dba Navarro, who were the nation’s largest Hispanic-owned drugstore chain until CVS acquired them in 2014
• Corporate guaranty from CVS Health Corporation
FOR SALE DETAILS
PRICE
$25,071,000 USD
PRICE/SF
$1,418 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS - Miami (Hialeah) FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
1.18 AC
LAND SF
51,401 SF
ZONING
C-2 & C-3
APN/PARCEL ID
04-3120-024-0130
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954-302-7365
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954-302-7365
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