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$ 925,000
Est. payment | /mo
1,606 SqFt
$ 925,000
Est. payment | /mo
1,606 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,606 sqft
Price per Sqft $575
MLS Listing ID A12042734
HOA Y/N No
Year Built 1969
Lot Size 1,606 Sqft
Property Sub-Type Condominium
Property Description
DO NOT DISTURB TENANT. This rare 1,606 SF restaurant condo presents a compelling investment opportunity anchored by a Subway franchisee with over 20 years of operating history at this location. The property is offered at a 5.89% cap rate and is subject to a Modified Net Lease providing the investor with predictable net income and limited landlord exposure. The lease expires in 2028 with two additional 5-year renewal options.
Prominently positioned within a master-planned business park totaling approximately 600,000 SF at one of Miami-Dade County's most prominent commercial intersections, the asset benefits from excellent signage and direct exposure to NW 25 Street, immediate access to SR-826 (Palmetto Expressway), and is just one exit north of the SR-826/SR-836 interchange, steps from the City of Doral. Ample unassigned parking plus 3 dedicated spaces completes this well-located, income-producing retail condo.
Prominently positioned within a master-planned business park totaling approximately 600,000 SF at one of Miami-Dade County's most prominent commercial intersections, the asset benefits from excellent signage and direct exposure to NW 25 Street, immediate access to SR-826 (Palmetto Expressway), and is just one exit north of the SR-826/SR-836 interchange, steps from the City of Doral. Ample unassigned parking plus 3 dedicated spaces completes this well-located, income-producing retail condo.
Location
State FL
County Miami-dade
Area 30
Exterior
Private Pool Yes
Others
Tax ID 30-30-35-016-0200
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12042734
Listed by Miami Commercial Real Estate, LLC.
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