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Single-Tenant Office Medical

Aspen Dental / MD Now

385 W 49th St, Hialeah, FL 33012

Listing Price: $8,500,000

Cap Rate
4.46%
Tenant Name
Aspen Dental / MD Now
Years Remaining On Lease
10.2
Guarantor
Subsidiary of a Corporation
Rentable SF
6,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$1,259.26

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 385 W 49th St, Hialeah, FL 33012. The property is brand new 2021 construction, consisting of two separate buildings fully occupied with medical tenants totaling 6,750 square feet with a lot size of 27,650 square feet. Aspen Dental & MD Now Urgent Care (Open 24/7) have recently signed a 10-year NNN corporate-backed lease scheduled to commence in October of 2021. The subject property is located on a signalized hard-corner, main and main intersection, which boasts 87,000 vehicles per day. Hialeah has long been recognized as a blue-collar industrial city, which continues to be a leader in economic development and has access to every major thoroughfare (i.e. I-75, Palmetto Expressway, Florida Turnpike, and US 27). Additionally, Florida is an income tax-free state, and the subject property has a population of over 486,000 within a 5-mile radius. The location and medical tenant mix, which are essential in the community, have created a rare opportunity for an investor to own an e-commerce resistant, generational asset here in Miami.

Investment Highlights

  • Brand New Construction, Two 10-Year Net Leased Medical Tenants
  • Main On Main Intersection with over 87K VPD
  • E-Commerce Resistant Tenant Mix
  • Rare Opportunity to Own a Generational Miami Real Estate Asset
  • Over 486k Population within a 5-mile Radius
  • Florida has No State Income Tax
  • 15 Year Roof Warranty

Exclusively Listed By

Single-Tenant Office Medical

Aspen Dental / MD Now

Listing Price: $8,500,000

Cap Rate
4.46%
Tenant Name
Aspen Dental / MD Now
Years Remaining On Lease
10.2
Guarantor
Subsidiary of a Corporation
Rentable SF
6,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$1,259.26

Investment Highlights

  • Brand New Construction, Two 10-Year Net Leased Medical Tenants
  • Main On Main Intersection with over 87K VPD
  • E-Commerce Resistant Tenant Mix
  • Rare Opportunity to Own a Generational Miami Real Estate Asset
  • Over 486k Population within a 5-mile Radius
  • Florida has No State Income Tax
  • 15 Year Roof Warranty

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 385 W 49th St, Hialeah, FL 33012. The property is brand new 2021 construction, consisting of two separate buildings fully occupied with medical tenants totaling 6,750 square feet with a lot size of 27,650 square feet. Aspen Dental & MD Now Urgent Care (Open 24/7) have recently signed a 10-year NNN corporate-backed lease scheduled to commence in October of 2021. The subject property is located on a signalized hard-corner, main and main intersection, which boasts 87,000 vehicles per day. Hialeah has long been recognized as a blue-collar industrial city, which continues to be a leader in economic development and has access to every major thoroughfare (i.e. I-75, Palmetto Expressway, Florida Turnpike, and US 27). Additionally, Florida is an income tax-free state, and the subject property has a population of over 486,000 within a 5-mile radius. The location and medical tenant mix, which are essential in the community, have created a rare opportunity for an investor to own an e-commerce resistant, generational asset here in Miami.

Exclusively Listed By

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