Infill Miami Core Trophy Location Kidney Spa
Office | 6.47% CAP | 5,991 SqFt
Marketing description
Marcus & Millichap is pleased to present for sale this Kidney Spa Property located at 4298 Palm Avenue in Hialeah, Florida. The subject property consists of 5,991 SF facility situated on a .43-acre pad fronting Palm Avenue with over 28,000 vehicles per day providing excellent visibility. Palm Avenue is a major North-South roadway in Hialeah, which leads directly into Downtown Miami that further connects to Interstate-95, traveling the entirety of the Florida Coast.
Hialeah is a city in Miami-Dade County Florida with a population of 223,109. It is the second largest city in the Miami Metropolitan Area with a population over 6,198,782. Hialeah is a major commercial center in Miami-Dade County and is host to numerous national retailers.
This facility was reconstructed in 2023 under a new fifteen-year, absolute net lease with thirteen years remaining and 2% annual increases, including the three, five-year Option periods.
Numerous apartment complexes surround this Kidney Spa Property including Hialeah Park Apartments, Les Montellier Apartments, Las Brisas Gardens Apartments, Blackstone Apartments, Westland 49 Apartments, Manor Hialeah, and Paradise Apartments.
Hialeah, Milander Park features a municipal auditorium and a 10,000-seat football stadium. Also located in Hialeah is Amelia Earhart Park just south of Opa Locka Airport with 515 acres and a 5-acre dog park.
Colleges and universities near this property include Miami Dade College with over 100,000 enrolled students and Florida National University with 2,465 enrolled students.
Hospitals nearby include Hialeah Hospital, Larkin Community Hospital, Southern Winds Hospital and Palmetto General Hospital.
Kidney Spa, LLC is a medical company offering dialysis to patients with centers located in Miami, Miami Beach, Coral Gables, Hialeah, Tampa, East Atlanta, Georgia, Pearland, Texas, and Sugarland Texas. Kidney Spa Centers are known for their sophisticated technology and SPA-like infrastructure.
Investment highlights
■ Kidney Spa located In Hialeah, FL | Most Densely Population Submarket of Miami | 1 Mile Population Exceeds 28,000 People | 5 Mile Exceeds 469,000 People
■ New 15-Year Lease Term Expiring March 31, 2038
■ 2% Annual Rent Increases, Plus Three 5-Year Options Provide Attarctive Rent Growth During Lease Term
■ Absolute NNN Lease-Zero Landlord Responsibilities For Operating or Capital Expenses
■ The Lease Features a Corporate Guaranty By KidneySpa, LLC
■ Brand New 2023 Construction Built-to-Suit for KidneySpa With 16 Patient Stations, One Private Station, One Centralized Nursing Station, Two Exam Rooms, Doctor Office, Staff Lounge/Meeting Room, Waiting Room and Reception Area
■ Numerous Apartment Complexes Surround this Kidney Spa Property Including Hialeah Park Apartments, Les Montellier Apartments, Las Brisas Gardens Apartments, Blackstone Apartments, Westland 49 Apartments, Manor Hialeah and Paradise Apartments
■ Colleges and Universities Nearby This Property Include Miami-Dade College with Over 100,000 Enrolled Students and Florida National University with 2,465 Enrolled Students
■ Hospitals Nearby Include Hialeah Hospital, Larkin Community Hospital, Southern Winds Hospital and Palmetto General Hospital
■ Kidney Spa LLC, is a Medical Company Offering Dialysis to Patients with Centers Located in Miami, Miami Beach, Coral Gables, Hialeah, Tampa, East Atlanta, Georgia, Pearland, Texas and Sugarland, Texas
■ Kidney Spa was Named One of the Best Wellness Startups in Miami, Proving That This Opportunity is a Stable Investment with Massive Long Term Potential with this Being the Third Miami Location to Break Ground adding to the Tenant’s Success Story
■ Florida is a No Income Tax State
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