11035 Bird Road, Miami, FL - Pinch-A-Penny – NNN

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List Price
$6,000,000
PSF
Cap Rate
6%
PPSF
Lot Size
30,200 SF
Key Highlights
New 15-year absolute NNN sale-leaseback with 10% rent bumps every five years, secured by a high-performing location with strong sales history.
Located on Bird Road, one of Miami’s busiest retail corridors with over 45,000 vehicles per day and major retailers such as Home Depot, Publix, Winn Dixie, CVS, and Walgreens within a .5-mile radius.
Subject property is less than 2 miles from Florida’s 2nd largest university, Florida International University, and less than 1 mile from Kendall Hospital.
2009 construction featuring 18-foot clear height, a twin tee concrete roof, and 39 parking spaces (4.19 spaces per 1,000 sf)
Pinch-a-Penny Pool spa is one of the largest franchised pool supply and service networks in the United States with over 300 locations nationwide.
Pinch-a-Penny has operated from this location for over 30 years.
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Review Documents
11035 Bird Road, Miami, FL - Pinch-A-Penny – NNN
Form

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Jonathan De La Rosa
Senior Managing Director Investments
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Eddie Toledo
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Nick Hassan
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