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In-PersonVirtual Tour
$ 2,775,000
Est. payment | /mo
2,846 SqFt
$ 2,775,000
Est. payment | /mo
2,846 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,846 sqft
Price per Sqft $975
MLS Listing ID A12121659
Style Detached
HOA Y/N No
Year Built 1925
Annual Tax Amount $22,235
Tax Year 2025
Lot Size 0.344 Acres
Property Sub-Type Retail
Property Description
Freestanding single-tenant retail building leased to Buckeye Check Cashing of Florida, Inc. dba InstaLoan on a brand new absolute NNN lease. Tenant signed in April 2026, took possession November 1, 2026 and base rent commences February 1, 2027. Lease runs through January 31, 2032 with 3% annual increases and four 5-year renewal options. Tenant pays real estate taxes, insurance, utilities and all maintenance and repair including roof, structure, parking and HVAC. No landlord responsibilities. Offered at $2,775,000, a 5.74% cap rate on year-one NOI of $159,376, rising to 6.46% by lease year five. InstaLoan is part of a family of brands with more than 1,500 locations in 25 states. 2,846 SF building centered on a 15,000 SF (100 x 150) lot with 22 parking spaces. T5-L (Miami 21) zoning on West Flagler Street, minutes from Downtown Miami, Brickell, Coral Gables and MIA. Do not disturb tenant; all showings by appointment through listing agent.
Location
State FL
County Miami-dade
Area 41
Zoning 6107
Direction On West Flagler Street near SW 29th Avenue.
Exterior
Total Parking Spaces 22
Private Pool Yes
Building
Story 1
Architectural Style Detached
Level or Stories One
Others
Tax ID 01-41-03-040-0430
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12121659
Listed by Synergy Realty Advisors
NEARBY SCHOOL & BUSINESS