Eceptional NNN lease opportunity in the vibrant Allapattah neighborhood 33142.


Property

Website:https://www.nestseekers.com/4528301
Address:
Miami, FL 33142
Type: Unknown
Pets: No Pets Allowed

Financials

Price:$3,875,000
Annual Taxes:$25,660

Description

Eceptional NNN lease opportunity in the vibrant Allapattah neighborhood (33142). The property includes two contiguous properties on two separate folios - 1260 and 1270 NW 29th Street - totaling 11,908 square feet on 16,845 square feet of land. Both properties recently underwent, extensive renovations and are under lease with a roster of stable, handpicked tenants supported by high-quality NNN lease agreements. Both properties occupy 116 feet of linear street-front exposure. providing multiple access and egress points. Zoned D1, this well-maintained property offers an attractive location within a rapidly growing area. Note: Current cap rate at asking price is 5.75. With the future rental of the 1,537 SF vacant space this property will perform at well above a 6% return.

Amenities

  • WindowBars

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Gridline Properties