1 SOUTH ROYAL POINCIANA BLVDMIAMI SPRINGS, FL 33166
FOR SALE MIAMI SPRINGS NNN RETAIL
Springs Plaza for purchase. The Springs Plaza is a new construction NNN core retail investment opportunity. Located within the Downtown Miami Springs Circle, this asset is fully stabilized with a mix of new national credit tenants and tenured local tenants. The merchandising plan is well balanced with a mix of Food&Beverages, Medical, Service, Specialty, and Health and Beauty tenants. A total of 15 tenants with an average lease term of over 10 years remaining. There is 26,947 SF of rentable retail space, evenly distributed over two buildings with grade parking. This asset is a good fundamental neighborhood retail that is ideally located and well-leased.
SALE PRICE $23,300,000 BUILDING SIZE 26,947 SF LOT SIZE 66,496 SF NUMBER OF BUILDINGS 2 OCCUPANCY RATE 100%
CAP RATE 4% INVESTMENT TYPE NNN Retail
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