8868 SW 40th St | Miami, FL 33165
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- LoopNet Team
8868 SW 40th St
Miami, FL 33165
Retail Property For Sale
Investment Highlights
- TROPHY ASSET – Strategically located in the heart of Miami, fronting Bird Road (76,000 vehicles per day), this premier destination is ideal
- ABSOLUTE NNN LEASE – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor
- ATTRACTIVE RENTAL INCREASES – Property includes a 10% rent increase in June 2027 and in all extension options
- LONG-TERM LEASE – New 10-year lease in place, with the tenant beginning operations in October 2024
- RECENT RENOVATION – Prior to opening for business on October 23, 2024, the Tenant invested approximately $2 million into the property
- STICKY TENANT – Cannabis dispensary tenants are less likely to relocate due to restrictive zoning regulations that limit where they can operate
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,216 SF
Building Class
C
Year Built/Renovated
1958/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.43 AC
Zoning
BU-3 - Zoned BU-3 offers uses that include retail or commercial including Medical uses.
Parking
25 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 30-4021-000-0171 | Improvements Assessment | $2,195 |
| Land Assessment | $1,781,250 | Total Assessment | $1,783,445 |
Property Taxes
Parcel Number
30-4021-000-0171
Land Assessment
$1,781,250
Improvements Assessment
$2,195
Total Assessment
$1,783,445
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