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- LoopNet Team
4000 Collins Ave
Miami Beach, FL 33140
Trophy CVS | 25.5 Year Lease · Retail Property For Sale
Investment Highlights
- IRREPLACEABLE TROPHY MIAMI BEACH LOCATION: Located one block from the beach at the signalized intersection of Collins Avenue and 41st Street
- NEW CONSTRUCTION: The subject property was completed in 2021 and features brand new build-to-suit construction
- ADJACENT TO NEWLY RENOVATED 100 ROOM HAMPTON INN: The historically designated 5-story hotel underwent a major $25M renovation in 2019
- LONG-TERM LEASE: Lease features 25.5 years of primary term plus nine, 5-year renewal options with attractive 10% rent increases each Option
- INVESTMENT GRADE CREDIT: The Lease is fully guaranteed by CVS Health Corporation, ranked #5 on the 2020 Fortune 500
- ON-SITE DEDICTATED PARKING - CVS benefits from its location below a 112 stall parking structure with 12 spaces solely dedicated to CVS customers
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 | $16,880,000 |
PROPERTY TAXES
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