Retail – 26,947 Square Feet in Miami Springs, FL – Fully Stabilized NNN Investment Opportunity

Category: Retail

Price:$20,172,000

Location: Miami Springs, FL

Year Built: 1945

Days on Market: 63

Description:

Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.

Miami Springs Plaza presents a fully stabilized and occupied NNN core retail investment opportunity within the Downtown Miami Springs Circle.

Listing Code: 1043851419