Listed by Marcus & Millichap
$3,400,000
Prime Doral Tire Kingdom
Details
APN 35-3034-044-0040
Property Type Retail, Industrial
Sub Type Storefront, Auto Shop
Square Footage 7,172
Net Rentable (SqFt) 7,172
Cap Rate 5%
NOI $170,000
Occupancy 100%
Tenancy Single
Brand/Tenant Tire Kingdom
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 07/30/2030
Remaining Term 4.2
Rent Bumps No
Lease Options Three 5 year options
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $251,020
Price per SqFt $474
Broker Co-Op Yes
Class A
Year Built 2005
Buildings 1
Stories 1
Acreage 0.640
Zoning 7100 Industrial
Investment Type Net Lease
Lease Commencement 08/04/2005
Occupancy Date 08/04/2005
Ground Lease No
Ownership fee simple
Prime Doral Infill covered land play
Marketing description
Marcus & Millichap, as the exclusive advisor, is pleased to present for sale a prime infill single tenant property leased to Tire Kingdom located in the city of Doral, Florida.
Strategically located in one of Miami’s most vibrant high growth submarket, the property sits on a generous .64 Acre lot nested among notable national tenants such as McDonalds, Chase Bank, Us Century Bank, Centennial bank Wendys and more..
A true long term covered land play for the right investor
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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