Historical Retail Sale Listing - Kinko's

Retail For Sale

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Kinko's

13901 SW 88th Street, Miami, FL 33186

N/A

7,500 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
7,500 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
2 years left on lease
Commission Split:
2%
Cap Rate:
8%
Occupancy:
100%
Tenancy:
Single
Lot Size:
22,500 SF
Listing ID
16031681
Last Updated
over 1 year ago

Description

The subject property is a 7,500 square foot building occupied by a single tenant, FedEx Kinko's. Kinko's has occupied the property since 1995 and the current lease runs through June 2011. The lease is NNN with the landlord's only responsibility being structure. The tenant has a five year renewal option with a 16% rent bump which will take the current NOI of $225,000 per year to $261,000.

** FOR MORE INFORMATION, PLEASE FILL OUT THE ATTACHED BROKER OR PRINCIPAL CONFIDENTIALITY AGREEMENT AND FAX TO THE LISTING AGENT.

In addition to a strong national tenant, this property features an excellent location in Kendall, just south of Miami, FL. The building is located on Kendall Drive and is an outparcel to a large neighborhood shopping center. Kendall Drive is one of the main traffic arteries of south Miami. the daily traffic count in front of this property is over 80,000. There are over 378,000 people that live within five miles of this property.

Map of 13901 SW 88th Street, Miami, FL 33186 (Miami-Dade County)

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Created 12/18/2008