South Beach NNN Leaseback Investment Hospital 538 Meridian Ave Miami Beach, FL 33139

538 Meridian Ave Miami Beach, FL 33139
$12,500,000
$12,500,000
South Beach NNN Leaseback Investment Hospital 538 Meridian Ave Miami Beach, FL 33139

Overview

Contract Details
  • Term: 5 years remaining
  • Annual Increase: 3.5%
  • Extensions: Not applicable
  • Guarantor: CVC Corp, one of Latin America’s largest travel groups, operating in Brazil, Argentina, and the United States. They cover various segments such as vacation and leisure, corporate/business, education (cultural exchange abroad), and management and rental of residences.
Property Highlights
  • Location: In the heart of South Beach, with close proximity to the ocean and Florida State Road A1A.
  • Zero Landlord Responsibility: The NNN lease ensures no landlord responsibilities for property tax, insurance, and maintenance.
  • Units: The property features 12 units, each comprising 2 bedrooms and 1 1/2 bathrooms.
This centrally located property in vibrant South Beach offers a solid investment opportunity with a reputable guarantor and zero landlord responsibilities. The attractive location, modern construction, and steady annual increases make it a prime choice for discerning investors.
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Details

  • Lot area (sqft):
    7000 sqft
  • Building area (sqft)::
    18301 sqft
  • Price ($):
    $12,500,000
  • Year built:
    2019
  • Cap Rate:
    4.81%
  • Single Asset