$1,250,000
( $312.50Per Sq Foot )
$6,710 forsale estimated payment Sourced by Back At You600 Payne Dr , Miami Springs, FL 33166
Miami Springs, FL 33166
Description
The subject property includes three contiguous parcels totaling 7,877 SF and a 4,000 SF building, which encompasses outdoor dining. There are 15 parking spaces available. The offering is a single-tenant NNN retail occupied by Woody’s Tavern Grill, which just signed a new 10-year NNN lease with (1) 5-Year Option with 4% annual increases. The first year of the lease operates under a gross rent model, transitioning to a NNN lease from Year 2 onwards, yielding an 8% cap rate. This shift significantly reduces landlord responsibilities for operating expenses, taxes, and insurance. This property offers a robust investment opportunity with a strong tenant in place, a renovated structure.
Details
| Mls | A11595231 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Subtype | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 199 |
| Listing Provided By | Dwntwn Realty Advisors LLC | Rayza Perez |
Features
| Sq Feet | 4,000 |
|---|---|
| Zoning | 6300 |
| Acreage | 7877.00 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Springs |
| Zip Code | 33166 |
| Area | 30 |
| Listing VS Median (in 33166) | |
Price: $1,250,000 low | high Med: $7,000 SqFt: 4,000 low | high Med: 2,844 $ / SqFt: $313 low | high Med: $2 On Site: 199 low | high Med: 43.000000 | |
Listing Updated: December 10, 2024 at 9:35:42 AM PST