Sherwin Williams Leased Asset Investment Grade Retail 446 SW 8th Street, Miami, FL

Cap Rate: 4.34%
NOI: $86,828
Building Size: 3,101 sqft
Lot Area: 0.16 acres
Lease Type: Double Net
Year Built/Renovated: 1946/2018
Price Per Sqft: $644.95

Price: $2,000,000 USD

DESCRIPTION
Pleased to offer a new Sherwin Williams NN leased asset in Miami's premier SW 8 Street retail corridor. This investment grade property is for many investors who are seeking a lower price point but still want a high credit grade tenant. The Net Operating Income (NOI) is $86,828.

LOCATION OVERVIEW:
This NN leased property is located on the highly transited SW 8 Street in West Brickell just east of Little Havana and North of the Roads neighborhood. Excellent access and visibility from SW 8 Street. The SW 8 Street corridor is one of the most desirable retail corridors in Miami Dade County. The property is located within 500 feet of the on-ramp of I-95.

HIGHLIGHTS
• NN 10 Year lease with two-5 year options and increases every 5 years. Lease ends 2038.
• BBB- credit rating tenant by Standard and Poor's
• Corporate Guaranty
• 3,101 SF building situated on a 7,000 SF lot
• Miami 21 T6-8-O zoning
• Traffic Count of 24,500 + vehicles per day
• Cap Rate 4.34% NOI is 86,828

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
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