ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

TD Bank – Miami (Little Havana), FL – Ground Lease

1208 SW 8th Street

ASKING PRICE: $8,536,585
CAP RATE: 4.1%

PROPERTY HIGHLIGHTS:

  • PRIME RETAIL LOCATION — Corner location at the intersection of Little Havana landmark Tamiami Trl./8th St. (“Calle Ocho”) & SW 12th Ave. (41.7K combined ADT). Across from CVS. Less than 1 mile from interchange with major north-south route, I-95.
  • SUCCESSFUL CREDIT TENANT — TD Bank is one of the 10 largest banks in the U.S. with more than 8.5 million customers & approximately 1,300 locations.
  • ABSOLUTE NNN INVESTMENT & LONG-TERM LEASE — Zero landlord responsibilities and incremental rent increases every 5 years. Rare 25-year base lease. No state income tax in FL provides a low tax burden.
  • NOTABLE MARKET — Little Havana is noted as a center of social, cultural & political activity in Miami. Its annual Calle Ocho street festival is one of the largest in the world with 1M+ visitors attending. In 2017, the National Trust for Historic Preservation declared Little Havana a national treasure.
  • LARGE, WORLD-RENOWNED TRADE AREA — Over 516,000 people, with an average household income of $68K+, within five miles. According to the U.S. Census Bureau, Miami’s metro area is the eighth-most populous and fourth-largest urban area in the U.S., with a population of around 5.5 million. Miami is a major center, and a leader in finance, commerce, culture, media, entertainment, the arts, and international trade.
  • There are no features available

$8,536,585

2,900 SF

Price:

$8,536,585

Cap Rate:

4.1%

Building Size:

2,900 SF

SF Land Area:

0.68 acres

Current NOI:

$350,000

Lease Type:

Ground

Remaining Term:

23.5 Years

Status:

Active

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Brett Sheldon

(919) 391-9903

Download Offering Memorandum
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