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- LoopNet Team
Swc Of Collins Avenue & SW 41st Street
Miami Beach, FL 33140
CVS Miami Beach - Trophy Investment · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- IRREPLACEABLE TROPHY MIAMI BEACH LOCATION: Located one block from the beach on Collins Avenue, CVS is strategically located along 41st Street
- LONG-TERM LEASE: Upon commencement, the CVS lease will feature 25 years of primary term plus nine, 5-year renewal options with 10% rent increases
- INVESTMENT GRADE CREDIT: The Lease is fully guaranteed by CVS Health Corporation (NYSE: CVS). CVS Health ranked #5 on the 2020 Fortune 500 list
- HIGH TRAFFIC SIGNILIZED INTERSECTION: CVS benefits from its visibility at the signalized intersection of Collins Avenue and 41st Street- 70,000 VPD
- NEW CONSTRUCTION: The subject property is currently under construction with CVS scheduled to open for business in April of 2021
- EXCEPTIONAL DEMOGRAPHICS: Approximately 207,000 residents live within a 5-mile radius with an average household income of $121,000 in a 1-mile radius
PROPERTY FACTS
AMENITIES
- LEED Certified - Gold
SUSTAINABILITY
SUSTAINABILITY
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
PROPERTY TAXES
| Parcel Number | 02-3226-001-1930 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $16,840,000 |
PROPERTY TAXES
