F O R S A L E | R E T A I L N E T L E A S E
FOR SALE | RETAIL NET LEASE
RED ROAD FRONTAGE
2 Outparcels With Well Established Tenants
NW 57th Avenue | Red Road
NW 142nd Street
50,000 Cars Per Day NW 57th Avenue | Red Road
CASAL GROUP
7270 NW 12th Street Penthouse 3 Miami, Florida 33126
Ernesto Casal
Principal ecasal@ 305.591.3606
C A S A L . C O M 305.591.3606
INVESTMENT SUMMARY
Casal Group is pleased to offer this retail investment offering in Miami, Florida. The site neighbors the busy AVE Aviation & Commerce Center and The Town of Miami Lakes, and is accessed by many other neighboring businesses and residents.
The retail investment offering features two quality, well established retail tenants, RaceTrac, a gasoline station, and Off Lease Only, a luxury pre-owned car dealership. Both with long term leases in place.
MASTER GROUND LEASE
This investment opportunity is located within AVE Aviation & Commerce Center (AVE), a 178 acre master planned business park. AVE maintains a long-term leasehold interest in the land, leased from Miami-Dade County via the Miami Dade Aviation Department. The parcels offered are to be delivered with a master leasehold interest. The master lease has an expiration date of April 30, 2084.
RACETRAC
14201 NW 57th Ave, Miami, FL 33054
RaceTrac is an American chain of gasoline service stations based in Atlanta, GA. With revenue of $9.1 billion in 2013, and being named Best Place to Work by the South Florida Business Journal in 2012, RaceTrac has a reputation of treating both it's customers, and employees with the highest standard in the business.
Land Area Term Expiration Current NOI Increases Renewal Option
80,763 SF 20 Years
3/10/2033 $155,283.98 10% every 5 years (4) 5 Year Options
OFF LEASE ONLY
5580 NW 145th St, Miami, FL 33054
Off Lease Only is a luxury pre-owned car dealership with locations in Dade, Broward, Palm Beach and Orlando, offering free delivery and many flexible financing and service options. Off Lease Only is rated A+ by the Better Business Bureau, and has a 5-Star rating on Google with over 4,500 reviews.
Land Area Building Size Term Expiration Current NOI Increases Renewal Option
126,324 SF 2,500 SF
v 20 Years 8/31/2036 $340,896.93 12.5% every 5 Years (1) 15 Year Option
FINANCIAL SUMMARY
RACETRAC OFF LEASE ONLY
NOI: $155,283.98 NOI: $340,896.93
PRICE: PRICE:
$3,105,680.00 (5% Cap) $6,817,939.00 (5% Cap)
TOTAL PRICE: $9,923,619.00
AVE AVIATION & COMMERCE CENTER
AVE Aviation & Commerce Center is a premier master planned 2.5 million square foot, mixed use business park situated on 178 meticulously landscaped acres, located next to the Town of Miami Lakes. AVE is home to quality tenants such as the United States Postal Service, Smart USA Corp, Goodyear, Inc., PWG Florida, Inc., and more. AVE maintains a long-term leasehold interest in the land with a master lease expiration date of April 30, 2084.
AVE MASTER SITE PLAN
AVE HIGHLIGHTS
FUTURE DEV.
EXMECIAUMTIIVOEPAAIR-LPOOCRKTA AVIATION
2.5m SF / 178 AC Business Park
3,500 Daytime Employee Base
50,000 Cars/Day Exposure
Central Location Convenient Access
FUTURE DEV. FUTURE DEV.
RETAIL INVESTMENT OFFERING
FUTURE DEV.
Countless Nearby Amenities
LOCATION INFORMATION
This retail investment offering is located in Central Miami-Dade County in the Town of Miami Lakes. It has the ideal retail location, with immediate freeway access and Red Road Frontage with exposure to about 50,000 cars per day.
The Town of Miami Lakes has been celebrated for it's scenic beauty, vibrant cultural environment, and for it's low crime rate, being named an All-America City finalist, and honored as one of 100 Best Communities for Young People, among other recognitions.
With it's centralized location nestled in an established and growing business park, and celebrated neighborhood this retail and land investment opportunity will thrive for the long term.
SELECT RETAIL BUSINESSES FRONTING RED ROAD
Palmetto Expressway | SR 826
Palmetto Expressway | SR 826
NW 57th Avenue | Red Road
TOWN OF MIAMI LAKES
RETAIL INVESTMENT OFFERING
14501 NW 57th Ave, Miami, FL 33054
NW 138th Street FL - 924
Miami-Opa Locka Executive Airport
Ernesto Casal
Principal ecasal@ 305.591.3606
C A S A L . C O M 305.591.3606
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- sales and use tax on motor vehicles
- florida department of financial services
- loss of use in all 50 states chart 00215127
- rules and regulations for the villages community
- tax information for motor vehicle dealers
- there is currently no window sticker available tor the
- information on applying for a florida title
- application for a license as a motor vehicle
- lease bill of sale recorded federal miami beach fl
- f o r s a l e r e t a i l n e t l e a s e