17200 NE 19 Ave, North Miami Beach FL 33162
Beds
Baths
SQFT 0
Garage
2024 Years Built
Home Details
This freestanding building is leased to a Medical Physician group named Qual-Care. Qual-Care has just signed a new triple net lease (NNN) lease and considered to be a credit tenant. Qual-Care has just signed a new twelve year lease with one, twelve year option. They're paying $10,000 a month plus CAM, with 3% annual increases. Actual net operating income is $120,000 a year for year one. This transaction will yield an investor a 6% capitalization rate at the full asking price price. The physical property is in excellent overall condition with a high quality medical office build-out. There is no major deferred maintenance. Excellent investment opportunity. Please remember to not disturb existing tenant, all showings are by appointment only. Call Broker for additional information.
Other Interior Features
General
Neighbourhood
Location
This freestanding building is leased to a Medical Physician group named Qual-Care. Qual-Care has just signed a new triple net lease (NNN) lease and considered to be a credit tenant. Qual-Care has just signed a new twelve year lease with one, twelve year option. They're paying $10,000 a month plus CAM, with 3% annual increases. Actual net operating income is $120,000 a year for year one. This transaction will yield an investor a 6% capitalization rate at the full asking price price. The physical property is in excellent overall condition with a high quality medical office build-out. There is no major deferred maintenance. Excellent investment opportunity. Please remember to not disturb existing tenant, all showings are by appointment only. Call Broker for additional information.