Manny ChamizoIII/ONE Sotheby's International Realty is pleased to present an exclusive Investment Offering for a single tenant retail building leased to CVS Health Corporation/Navarro Company (“Tenant”) at 2120 SW 32nd Avenue, Miami, FL 33145 (“Property”). The site is located just at the outskirts of Coral Gables central business district. Coral Gables is known as one of the most affluent submarkets in Miami-Dade County.
This opportunity consists of a freestanding building located adjacent to other national tenants along a major thoroughfare. The property will provide an investor the op-portunity to acquire a 23,519 SF building on almost 2 acres of land (1.95 acres).
The current lease is a brand new 15 year lease showing their commitment to the site, followed by 8 five year renewal periods, a 5% rental increase in every option.