Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners New York
$3,294,000
PNC Bank - Miami FL
Details
APN 30-5920-000-0021
Property Type Retail
Sub Type Bank
Square Footage 5,439
Cap Rate 4.25%
NOI $140,000
Occupancy 100%
Tenancy Single
Brand/Tenant PNC Bank
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 03/31/2036
Remaining Term 9.8
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $606
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 0.630
Zoning General Commercial
Parking Spaces 30 spaces
Parking Per SqFt 5.52
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/02/2026
Ownership Fee Simple
Retail | 4.25% CAP | 5,439 SqFt
Investment highlights
Brand New 10-Year Lease | Scheduled Rental Increases | Options to Extend | Strong Brand
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Near Signalized, Hard Corner Intersection | Dense Retail Corridor | Part of Corsica Square Shopping Center | Miami Executive Airport
Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
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