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Miscellaneous

All Florida Pool NN Investment

11720 Biscayne Blvd, Miami, FL 33181

Listing Price: $4,500,000

Cap Rate
5.38%
Tenant Name
All Florida Pools
Years Remaining On Lease
5.1
Gross SF
5,613
Guarantor
Corporate Guarantee
Rentable SF
5,613
Price/Gross SF
$801.71
Lease Type
Double Net
Rent Per Square Feet
$38.50

Investment Overview

Marcus & Millichap is proud to market 11720 Biscayne Boulevard, a 5,613 square-foot retail property located in the heart of Miami’s Biscayne Commercial Corridor. The property sits on an oversized lot of 25,210 square feet and is fully occupied by well-known All Florida Pool & Spa, South Florida’s largest swimming pool servicer. The All Florida Pool lease is guaranteed by American Pool, a 31-location national pool maintenance and installation company. American Pool is owned by FirstService, a publicly traded company (NASDAQ Symbol: FSV) based out of Toronto. All Florida Pool & Spa has occupied the building since 1985 and has recently renewed their lease for five years with a significant increase in base rent. The property also includes a billboard sign that generates additional income for the owner. This is an ideal opportunity for an investor looking for corporate guaranteed cash flow in a high traffic core Miami Biscayne Boulevard location.

Investment Highlights

  • All Florida Pool & Spa Tenant has Occupied the Property for 35 Years and has Recently Extended their Base Lease Term for an Additional Five Years with a Significant Increase in Base Rent
  • All Florida Pool & Spa Lease is Guaranteed by American Pool, which is Owned by FirstService, a Publicly Traded Company Headquartered in Toronto, Canada
  • Ideal investment for Single Tenant Investor Looking for Prime Biscayne Boulevard Location with Signage and Huge Frontage
  • Billboard is Included in Sale which Generates Additional Income on the Property and Potential Upside upon Lease Expiration
  • Seller has Recently Re-Striped and Re-Paved the Parking Field

Exclusively Listed By

Financing By

Miscellaneous

All Florida Pool NN Investment

Listing Price: $4,500,000

Cap Rate
5.38%
Tenant Name
All Florida Pools
Years Remaining On Lease
5.1
Gross SF
5,613
Guarantor
Corporate Guarantee
Rentable SF
5,613
Price/Gross SF
$801.71
Lease Type
Double Net
Rent Per Square Feet
$38.50

Investment Highlights

  • All Florida Pool & Spa Tenant has Occupied the Property for 35 Years and has Recently Extended their Base Lease Term for an Additional Five Years with a Significant Increase in Base Rent
  • All Florida Pool & Spa Lease is Guaranteed by American Pool, which is Owned by FirstService, a Publicly Traded Company Headquartered in Toronto, Canada
  • Ideal investment for Single Tenant Investor Looking for Prime Biscayne Boulevard Location with Signage and Huge Frontage
  • Billboard is Included in Sale which Generates Additional Income on the Property and Potential Upside upon Lease Expiration
  • Seller has Recently Re-Striped and Re-Paved the Parking Field

Investment Overview

Marcus & Millichap is proud to market 11720 Biscayne Boulevard, a 5,613 square-foot retail property located in the heart of Miami’s Biscayne Commercial Corridor. The property sits on an oversized lot of 25,210 square feet and is fully occupied by well-known All Florida Pool & Spa, South Florida’s largest swimming pool servicer. The All Florida Pool lease is guaranteed by American Pool, a 31-location national pool maintenance and installation company. American Pool is owned by FirstService, a publicly traded company (NASDAQ Symbol: FSV) based out of Toronto. All Florida Pool & Spa has occupied the building since 1985 and has recently renewed their lease for five years with a significant increase in base rent. The property also includes a billboard sign that generates additional income for the owner. This is an ideal opportunity for an investor looking for corporate guaranteed cash flow in a high traffic core Miami Biscayne Boulevard location.

Exclusively Listed By

Financing By

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