1700 NW 183rd St, Miami Gardens, FL 33056
Retail For Sale $2,832,000
Price $2,832,000 Cap Rate 6.25%
Gross Leasable Area 8,320 SF No. Stories 1
Price/SF $340.38 Tenancy Multiple
Property Type Retail Year Built 2016
Property Sub-type Strip Center Lot Size 20,799 SF
Property Use Type Net Lease Investment with 9 years left on lease APN
Excellent investment in Miami Gardens, Miami Dade County, Florida. This is a Family Dollar Store NN investment. Store opened 2015. This is a free-standing 8,320SF free standing building. This building has Twin T concrete roof (excellent). The entire site and building is leased to Dollar Store. Family Dollar entered in to a 10 year lease. The lease includes five- five year options. Each option includes 10% rent increases. This is a Double Net Lease.
I-95 to Miami Gardens Drive (NW183rd Street) Go west to NW 17th Ave. Family Dollar on southwest corner.
Store Open 2016 10 year term plus extensions Corporate Guarantee Lease Full Concrete Structure inc Twin T concrete roof Dense urban market, captive audience On Major thoroughfare, Miami Gardens Drive
Financial Summary (Actual)
Net Operating Income $177,000