List Search

1050 N Miami Beach Blvd
North Miami Beach, FL 33162

$2,688,000 USD

Freestanding For Sale  •  4,423 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 4,423 SF
  • Lot Size 0.24 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning 6400
49 Transit Score
86 Walk Score

Highlights

Rare Miami-Dade County Net Leased Investment Opportunity
Furniture 2 Go Recently Renewed Their Lease Showing Commitment to the Location
Average Base Rental Increase Over Remaining Term of Lease is Almost 7.00%
Dense North Miami Beach Location with Over 200,000 People Living Within 3 Miles of Subject Property
Heavy Daily Traffic Count Over 57,000 Cars on North Miami Beach Boulevard (NW 163rd Street)
Surrounding National Tenants Include Publix, Walmart, Home Depot, Ross Dress For Less and Lowe's.
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Furniture 2 Go

Public Transportation

Commuter RailDriveWalkDistance
Golden Glades (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 6 min - 2.6 mi
Aventura (Mainline - Brightline) 8 min - 4.1 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 20 min - 12.4 mi
Miami International 33 min - 18.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Kirk Olson 786-338-5731 Marcus & Millichap
Kirk Olson 786-338-5731 Marcus & Millichap