Property built in 2009 initially as Valero (no branding agreement). Bank owned being offered by NAI Miami as its exclusive listing agent. We encourage all offers. It has a very large general market/retail store and restaurant (+14,451 SF), open area with tall ceilings, may be occupied by a food market, smaller retailers such as a cell phone store, check cashing, internet, video sales, food franchises, etc. Built on a +74,369 SF parcel.
Marcus & Millichap is pleased to exclusively offer for sale a net-leased Office Depot in Florida City. This asset sits on an oversized parcel of 3.43 acres, on the adjacent pad to a Home Depot with cross access between the parcels. Office Depot entered into a 15-year, double-net lease in 2001. There are currently two years remaining on the lease, and four five-year options to renew with 8 percent increases in each option. According to the store manager, the store is performing better than the other stores in the region.
This property offers an investor the rare opportunity to acquire a clean, newer built retail center that has been completely remodeled, including impact windows and doors over the last five years. The property requires minimal management and is well positioned to provide a steady income stream for many years to come with stable long term tenants. One of the major long term tenants is a well-known local charter school that owns and operates over 40 other locations and occupies more than 60% of the property. Property is located in dynamic and highly sought after Florida City retail market just east of U.S.1 and west of the Florida Turnpike.
19,614 SF Neighborhood Retail Center. Fastenal is a national tenant and their lease runs through early 2016. CrossFit of Homestead is on a three year lease in the 4,200SF free standing building, its lease runs till September 2016 and includes a three year option. PATCHES (Pediatric Alternative Treatment, Care, Housing & Evaluation Services) is in their second five year lease term which runs till spring 2018. The property was completely renovated and additional square footage was added in 2006. There is +/-2,000SF of storage bays that can be converted to retail space rather easily as it was designed to do so. Also, the space includes an outside fenced storage area.