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Expenses
Abs NNN
1985 Construction
5,660 SF | .47 Acres
Lease Base Term
15 Years
Strong Medical Tenant
Corporate Guarantee
Strong Demographics
635k+ (5-Miles)
Outstanding Location
47,975 VPD
INVESTMENT HIGHLIGHTS
CORPORATE GUARANTEE FROM STRONG MEDICAL TENANT Guaranteed by Clinical Care Medical Center, a value-based, multispecialty provider which operates 25 medical centers across Florida, 13 of which are in Miami-Dade County.
ABSOLUTE NNN LEASE STRUCTURE True Absolute NNN with zero landlord responsibilities. The base term was extended by 15 years with recent lease amendment.
SCHEDULED ANNUAL INCREASES Annual increases of 2.1% every year through the base term were also established with the recent term extension.
DENSE POPULATION IN IMMEDIATE AREA 635k+ population within 5 miles earning average household income of 133,183.
OUTSTANDING LOCATION WITHIN MIAMI MSA Highly visible and easily accessible from NW Le Jeune Rd with 47,975 VPD. It is surrounded by numerous local, regional and national retailers along this stretch of highway. Notable tenants include Wells Fargo Bank, Starbucks, Fairfield Inn & Suites, IHOP, Chipotle and more.
LONG LEASE TERM REMAINING 12.0 years remaining including option. This location is set to take advantage of the large demographic of aging citizens residing in South Florida in the coming decades.
