This Retail Property is Off-Market.

13901 SW 88th Street
Miami, FL 33186 ·

7,500 SF · Retail For Sale

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Kinko's

Price N/A Commission Split 2%
Building Size 7,500 SF Cap Rate 8%
Property Type Retail Occupancy 100%
Property Sub-type Free Standing Bldg Tenancy Single
Property Use Type Net Lease Investment with 2 years left on lease Lot Size 22,500 SF
Listing ID: 16031681 Date Created: 12/18/2008 Last Updated: 02/06/2009

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.

Research

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

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