Hialeah NNN Best Buy $10.6M
- Property Name: Hialeah Best Buy
- Address: 4001 W 20 AV, Hialeah, FL
- Building Size: 55,880 sq.ft.
- Lot Size: 5.07 Acres
- Lease type: NNN
- Tenant: Best Buy
- Price / sq.ft.: $190/sq.ft.
- Occupancy: 100%
- Year Built: 1996
- NOI: $798,101
- Cap Rate: 7.5%
- Price: $10.6M
Highlights
*Absolute Triple Net Lease
No landlord responsibilities allowing for a passive, management free income stream with Rent increases of 5% every five years with an Investment Grade Tenant: Best Buy.
Hialeah is located within the Miami MSA which has a population of 5.5M. This expressway visible location has become the main retail node in the Hialeah market. Tenants include Walmart Supercenter, BJ’ s Wholesale Club, Lowe’ s Home Improvement, Target, Sports Authority, Office Max,and Big Lots.The property has excellent visibility from Palmetto Expressway, which has a traffic count over 210,000 cars per day. Great addition to your portfolio!
