698 NE 167th St - Drug Store FOR SALE
Miami, FL 33162 |
$3,928,571 USD
305-707-0969
698 NE 167th St
Miami, FL 33162
HIGHLIGHTS
- Absolute NNN Lease | Recent 10.75-Year Extension at Tenant's Request | Corporate Guarantee | 10% Rent Increases Every 5 Years
- Substantial Tenant Improvement | All Renovations At Tenant's Own Cost & Expense | Excellent Intrinsic Value | High Barrier to Entry Sub-Market
- High Traffic Area | 57,500+ VPD | One of Only Three Direct Access Thoroughfares to North Miami Beaches
- 1 Mile to Golden Glades Interchange – 550,000+ VPD, $908 Million Expansion Project
- Infill Location | 199,000+ Residents | $108,000+ Avg HH Income | Strong Daytime Population
- Within 3 Miles of Three Major Mixed-Used Developments | $4.6 Billion Currently Under Development
FOR SALE DETAILS
PRICE
$3,928,571 USD
PRICE/SF
$786 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
House of Platinum Cannabis
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront, Health Club
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.3 AC
LAND SF
13,000 SF
ZONING
BU-1
APN/PARCEL ID
30-2218-003-0010
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
305-707-0969
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
305-707-0969
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
