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
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