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Net Lease

The Parts House – NNN Industrial Building

3035 NW 40th St, Miami, FL 33142

Listing Price: $3,100,000

Cap Rate
5.81%
Gross SF
10,500
Price/Gross SF
$295.24
Lot Size
0.41 acres
Year Built
1966
Rentable SF
10,500

Investment Overview

Marcus & Millichap is pleased to present for sale, The Parts House (TPH), a rare 10,500 square foot industrial investment property located just east of Miami Airport in Miami, Florida.

Investment Highlights

  • Rare 10,500 SF Miami Net Leased Industrial Investment Property Located Just East of Miami Airport
  • The Parts House Tenant is a 200 Location National Auto Parts Dealer With Recently Extended 5 Year Base Term
  • TPH is a Wholly Owned Subsidiary of Marubeni Corporation, a Japanese Company with Market Capitalization of $60 Billion
  • Ideal Net Lease Structure with No Landlord Responsibilities and Aggressive 3% Annual Base Rental Increases
  • Building Located on NW 40th Street Just West of NW 27th Avenue and East of Miami InternationalAirport
  • Brand New Roof Recently Installed by Seller with 20 Year Roof Warranty
  • Easy Access to SR 112 Eastbound and Westbound Lanes

Exclusively Listed By

Net Lease

The Parts House – NNN Industrial Building

Listing Price: $3,100,000

Cap Rate
5.81%
Gross SF
10,500
Price/Gross SF
$295.24
Lot Size
0.41 acres
Year Built
1966
Rentable SF
10,500

Investment Highlights

  • Rare 10,500 SF Miami Net Leased Industrial Investment Property Located Just East of Miami Airport
  • The Parts House Tenant is a 200 Location National Auto Parts Dealer With Recently Extended 5 Year Base Term
  • TPH is a Wholly Owned Subsidiary of Marubeni Corporation, a Japanese Company with Market Capitalization of $60 Billion
  • Ideal Net Lease Structure with No Landlord Responsibilities and Aggressive 3% Annual Base Rental Increases
  • Building Located on NW 40th Street Just West of NW 27th Avenue and East of Miami InternationalAirport
  • Brand New Roof Recently Installed by Seller with 20 Year Roof Warranty
  • Easy Access to SR 112 Eastbound and Westbound Lanes

Investment Overview

Marcus & Millichap is pleased to present for sale, The Parts House (TPH), a rare 10,500 square foot industrial investment property located just east of Miami Airport in Miami, Florida.

Exclusively Listed By

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