Grocery Store
Miami Beach NNN Market
1510 Washington Ave, Miami Beach, FL 33139
Listing Price: $1,953,000
Cap Rate
6.00%
Tenant Name
MB Market
Years Remaining On Lease
4.5
Guarantor
Personal Guarantee
Rentable SF
1,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$88.77
Investment Overview
Marcus & Millichap proudly presents for sale, Miami Beach NNN Market located in the heart of Miami Beach, Florida.
Miami Beach NNN Market
Investment Highlights
- Washington Avenue Net Leased Retail Condominium Market with Excellent Frontage and Recent Lease Renewal
- New Five-Year Lease Term Includes 5% Annual Base Rental Increases
- Tenant has Occupied the Space Since 2017, Lease Requires Tenant to Reimburse for All Expenses
- The Subject Property is Ideally Located Next Door to Multiple Residential and Hotel Properties Providing Constant Daytime and Nighttime Customer Traffic
- Located One Block North of World-Famous Espanola Way Restaurant District and Just South of Courtyard by Marriot Hotel
- Rare Rectangular Configuration with the Long Side Facing Washington Avenue Offers Frontage of Over 50 Feet with Excellent Visibility and Signage
Exclusively Listed By
Listing Price: $1,953,000
Cap Rate
6.00%
Tenant Name
MB Market
Years Remaining On Lease
4.5
Guarantor
Personal Guarantee
Rentable SF
1,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$88.77
Investment Highlights
- Washington Avenue Net Leased Retail Condominium Market with Excellent Frontage and Recent Lease Renewal
- New Five-Year Lease Term Includes 5% Annual Base Rental Increases
- Tenant has Occupied the Space Since 2017, Lease Requires Tenant to Reimburse for All Expenses
- The Subject Property is Ideally Located Next Door to Multiple Residential and Hotel Properties Providing Constant Daytime and Nighttime Customer Traffic
- Located One Block North of World-Famous Espanola Way Restaurant District and Just South of Courtyard by Marriot Hotel
- Rare Rectangular Configuration with the Long Side Facing Washington Avenue Offers Frontage of Over 50 Feet with Excellent Visibility and Signage
Investment Overview
Marcus & Millichap proudly presents for sale, Miami Beach NNN Market located in the heart of Miami Beach, Florida.
Exclusively Listed By
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