Dry Good

Pet Supermarket

1375 W 49th St, Hialeah, FL 33012

Listing Price: $3,000,000

Cap Rate
5.10%
Tenant Name
Pet Supermarket
Years Remaining On Lease
8.4
Gross SF
6,120
Guarantor
Corporate Guarantee
Rentable SF
6,120
Price/Gross SF
$490.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.00

Investment Overview

• Located on W. 49th Street, Hialeah’s Primary Retail Corridor with 43,500 Vehicles per Day • Base Rent of $25 NNN - Below Market for this Prime Retail Corridor • One of Florida’s Most Densely Populated Submarkets, with 222,000 People within a 3-Mile Radius • Surrounded by Multiple National Retailers, Including Publix, Aldi, Walgreens and Many More • Five Blocks East of Palmetto Expressway (SR 826) which has Daily Traffic Count Over 230,000

Investment Highlights

  • Rare, Infill Miami-Dade County Net Leased Offering
  • Tenant has Occupied Building for 20 Years, and Recently Executed New 10-Year Corporate Lease
  • 10 Percent Rent Increases Every Five Years

Exclusively Listed By

Listing Price: $3,000,000

Cap Rate
5.10%
Tenant Name
Pet Supermarket
Years Remaining On Lease
8.4
Gross SF
6,120
Guarantor
Corporate Guarantee
Rentable SF
6,120
Price/Gross SF
$490.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.00

Investment Highlights

  • Rare, Infill Miami-Dade County Net Leased Offering
  • Tenant has Occupied Building for 20 Years, and Recently Executed New 10-Year Corporate Lease
  • 10 Percent Rent Increases Every Five Years

Investment Overview

• Located on W. 49th Street, Hialeah’s Primary Retail Corridor with 43,500 Vehicles per Day • Base Rent of $25 NNN - Below Market for this Prime Retail Corridor • One of Florida’s Most Densely Populated Submarkets, with 222,000 People within a 3-Mile Radius • Surrounded by Multiple National Retailers, Including Publix, Aldi, Walgreens and Many More • Five Blocks East of Palmetto Expressway (SR 826) which has Daily Traffic Count Over 230,000

Exclusively Listed By

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