1400 Collins Ave | Miami Beach, FL 33139
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- LoopNet Team
1400 Collins Ave
Miami Beach, FL 33139
Walgreens · Retail Property For Sale
Investment Highlights
- Commitment: Brand new 15-year lease with 5% rental escalations throughout the initial term and options
- Landlord Responsibilities: Allows for a true passive investment with no management required
- Demographics: Over 58,000 residents and average household incomes of $109,000 within a 3-mile radius
- Location: Asset situated on a signalized hard corner intersection on Collins Avenue and 14th street with over 14,000 vehicles per day
- Tax Benefits: Investors can depreciate land and building due to fee simple ownership. No state income tax
- Credit: Opportunity to acquire an investment grade (S&P: BBB) trophy asset in world famous South Beach
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,565 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.83
Lot Size
0.32 AC
Zoning
6501
Frontage
76 FT on Collins Ave
PROPERTY TAXES
| Parcel Number | 02-3234-008-0800 | Improvements Assessment | $4,000,000 |
| Land Assessment | $7,000,000 | Total Assessment | $11,000,000 |
PROPERTY TAXES
Parcel Number
02-3234-008-0800
Land Assessment
$7,000,000
Improvements Assessment
$4,000,000
Total Assessment
$11,000,000
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