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505 NE 125th St
North Miami, FL 33161
One Plant Cannabis Dispensary · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Long-Term Lease with Two, Five-Year Renewal Option Periods
  • Rent Increase in Year 11 to Fair Market Value as Determined by a Broker or Appraiser Selected by the Landlord
  • Part of the Miami MSA with a Population of More Than 2.7 Million
  • 10 Percent Rent Increase in Year Six of Base Term, and in Second Option Period
  • Medical Marijuana Dispensaries are Considered “Essential” During Coronavirus Pandemic
  • Surrounding National Retailer Include Publix, Whole Foods, Home Depot, TJ Maxx, Ross, Five Below, Pet Supermarket, LA Fitness, Massage Envy, Planet Fi

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
3,747 SF
Building Class
B
Year Built/Renovated
1968/2020
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,747 SF
Building FAR
0.34
Lot Size
0.25 AC
Zoning
6000 - Industrial - C3 Zoning - Mixed Use
Parking
17 Spaces (4.54 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-2230-025-0260
Land Assessment
$749,000
Improvements Assessment
$1,051,000
Total Assessment
$1,800,000
  • Listing ID: 22160080

  • Date on Market: 2/4/2021

  • Last Updated:

  • Address: 505 NE 125th St, North Miami, FL 33161

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