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Aspen Dental/ MD Now

$8,500,000

385 W 49 St, Hialeah, FL 33012

Active
Last Updated: 11/03/2022

4.46

Cap Rate

27,650 acres

Lot Area

Details:
Cap Rate:    4.46%
Lot Area:    27,650 acres
Occupancy:    100%
Description:

Marcus & Millichap is pleased to exclusively offer the sale of 385 W 49th St, Hialeah, FL 33012. The property is brand new 2021 construction, consisting of two separate buildings fully occupied with medical tenants totaling 6,750 square feet with a lot size of 27,650 square feet. Aspen Dental & MD Now Urgent Care (Open 24/7) have recently signed a 10-year NNN corporate-backed lease scheduled to commence in October of 2021.
The subject property is located on a signalized hard-corner, main and main intersection, which boasts 87,000 vehicles per day. Hialeah has long been recognized as a blue-collar industrial city, which continues to be a leader in economic development and has access to every major thoroughfare (i.e. I-75, Palmetto Expressway, Florida Turnpike, and US 27). Additionally, Florida is an income tax-free state, and the subject property has a population of over 486,000 within a 5-mile radius. The location and medical tenant mix, which are essential in the community, have created a rare opportunity for an investor to own an e-commerce resistant, generational asset here in Miami.


Folio #’s: 04-2131-031-1440; 04-2131-031-1410; 04-2131-030-0520; 04-2131-031-1420



Brand New Construction, Two 10-Year Net Leased Medical Tenants
Main On Main Intersection with over 87K VPD
E-Commerce Resistant Tenant Mix
Rare Opportunity to Own a Generational Miami Real Estate Asset
Over 486k Population within a 5-mile Radius
Florida has No State Income Tax
15 Year Roof Warranty

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