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| Price $7,669,000 | Built/Renov 2023 | Tenant Optima Dermatology |
| Cap Rate 6.65% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,738
| Lease Start
04-01-2023
| #Units
17
|
| Price/SF $1,336.53 | Expiration
03-31-2038
| Tenant Type Medical/Health |
| NOI $510,000 | R. Term 13.4 | Ownership Fee Simple |
| Rent/SF
$88.88
| Increases 10.0%/5/yrs | Pop 5Mi 77,247 |
| Lot/AC 1.02 | Options 6/5yrs/10% | AHHI 5Mi $139,767 |
| | |
Optima Dermatology is strategically located along State Highway 28 and Business Route 28, with clear visibility and access to an average of 64,700 vehicles passing by daily. The asset benefits from direct access onto Interstate 275 (78,700 VPD), a major beltway connecting the Cincinnati MSA. The property is ideally situated within a dense retail corridor and is within direct proximity to Miami...
...New construction
Signalized intersection
High traffic 50M+ VPD
Dense retail corridor
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Absolute NNN
Corporate Guarantee
Optima Dermatology is a network of private practices dedicated to medical dermatology, Mohs surgery, aesthetics, and clinical research. Their family of practices include Optima Dermatology, Optima...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,113 | 39,626 | 77,973 |
| 2023 Total Population : | 7,878 | 39,303 | 77,756 |
| 2023 Employed Civilian Pop : | 3,686 | 19,631 | 39,009 |
| 2023 Total Businesses : | 342 | 1,580 | 2,469 |
| 2023 Average Household Income : | $ 102,628 | $ 121,241 | $ 139,891 |
| 2023 Total Consumer Spending : | $ 306 M | $ 1608 M | $ 3499 M |
| 2023 Median Age : | 46 | 42 | 42 |
| 2023 Total Households : | 3,460 | 15,532 | 29,429 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,356 | 7,575 | 15,285 |
| 2023 Average Home Value : | $ 262,440 | $ 289,325 | $ 344,819 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| State Rte 28 | 2011 | 17,851 | 0.04 mi | |
| Romar Dr | Esteban | 2000 | 1,000 | 0.07 mi |
| Montclair Blvd | State Rte28 | 2000 | 2,300 | 0.10 mi |
| SR 28 | Smysor Rd | 2021 | 49,075 | 0.13 mi |
| SR-28 | Smysor Rd | 2020 | 46,827 | 0.13 mi |
| SR 28 Business | 2021 | 13,975 | 0.14 mi | |
| BUSINESS SR28 RD | Happy Hollow Rd | 2020 | 13,030 | 0.14 mi |
| Business State Route 28 | 2019 | 15,129 | 0.15 mi | |
| Smysor Rd | Montclair Blvd | 2000 | 100 | 0.15 mi |
| RAMP FROM SR28 WB TO IR275 NB | State Rte 28 | 2021 | 11,034 | 0.25 mi |
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Cap Rate 7.25%
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Size/SF 32,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
