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    3700 NW 199Th Ln Miami Gardens, FL 33056

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    For Sale
    $6,090,000

    Single-tenant CVS with Absolute NNN lease in Miami Gardens.

    Property size:
    15,114 SF
    Lot size:
    1.59 Acres

    Property Features for 3700 NW 199Th Ln

    General Information

    Size
    15,114 SF
    Lot size
    1.59 Acres

    Source: Current Real Estate Advisors Agent Alejandro Snyder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding CVS Pharmacy in Miami

    This freestanding, single-tenant property is leased to CVS Pharmacy and is situated on a 1.55-acre parcel. The property is located in the core of the Miami MSA. The building has a size of approximately 15,114 square feet. The property is under an Absolute NNN lease, with no landlord responsibilities. Approximately 6 years remain on the initial lease term, complemented by 10, 5-year renewal options.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walmart Pharmacy, Dunia Gomez, Larryn Farris

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.24712
    Latitude
    25.956123

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    FAQs

    What type of property is this?
    Drug store - Single-tenant CVS with Absolute NNN lease in Miami Gardens.
    Where is this drug store located?
    The property is located at 3700 NW 199Th Ln Miami Gardens, FL.
    What is the asking price?
    The asking price for this property is $6,090,000.
    What are key features of this property?
    This property features: - Absolute NNN lease provides a passive income stream with no landlord responsibilities.; - Leased to CVS Pharmacy (NYSE: CVS), a leading pharmacy brand, offering tenant security.; - Strategic location in the core of the Miami MSA.
    (305) 783-8890
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    3700 NW 199Th Ln Miami Gardens, FL 33056
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3700 NW 199Th Ln Miami Gardens, FL 33056
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