16201 SW 88th St
Miami, FL
Price:
$4223000
Cap Rate:
4.50%
NOI:
$190,000
Building Size:
Approx. 2714 Sq. Ft.
Lot Size:
Approx. 0.56 Acres
Type:
Single-Tenant / Retail
Sub Category:
Fast Casual
Year Built:
1999
Investment Overview
- 2,714+/- SF Building on .56+/- Acre Site
- New 20-Yr Corp NNN Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along Southwest 88th St (48,000 VPD), just W of Ronald Ragan Turnpike
- Near Walmart, Publix, LA Fitness, Home Depot, CVS, Chase, Starbucks, McDonalds
- Outparcel to Kendall Park Plaza (88,304 SF) | 12-Miles W of Dadeland Mall (1,488,000 SF)
- 30-Miles SW of Miami Beach (14.6 Million/Annual Visitors) – $23.8 Billion Economic Impact
- Attractions: Florida Everglades | Art Deco District | South Beach | Ocean Drive | Little Havana
- 3-Mile Radius: 2015 Estimated Population: 145,069 l 1-Mile Average Household Income: $73,151
- Miami-Ft. Lauderdale-West Palm Beach MSA: Miami is Florida’s 2nd Populous City | Population: 5,564,635