13199 SW 112th St, Miami, FL
New construction CVS with a 25-year absolute NNN lease.
- Added:
- Feb 4, 2025
- Days on Market:
- 499
- Last Refresh:
- May 20 at 8:57 pm
Property Features for 13199 SW 112th St
General Information
- Standard status
- Active
- Size
- 15,007 SF
- Lot size
- 1.05 Acres
- Property subtype
- RETAIL
Listing agent Christopher Twist (561) 602-8390
Listing office Colliers | Fort Lauderdale (561) 602-8390
Listing date Feb 4, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Fort Lauderdale
HighLights
- Absolute NNN lease with zero landlord responsibilities and a long‑term 25‑year initial term commenced in December 2022.
- Investment‑grade credit tenant: CVS Health Corporation (S&P: BBB), ranked 6th on the Fortune 500 list with substantial revenue.
- Prime, irreplaceable location at a hard signalized corner within a Publix‑anchored shopping center in the densely populated West Kendall submarket of South Florida.
- New construction completed in 2023, featuring a modern facade and a 13,295 sqft free‑standing building.
- Located on a 1.05‑acre parcel with a convenient drive‑thru pharmacy.
- Strong demographic profile with a high population and average household income in the immediate trade area.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $959.8k | $63.96 |
| − Vacancy | −$14.4k | −$0.96 |
| EGI | $945.5k | $63.00 |
| − OpEx | −$236.4k | −$15.75 |
| NOI | $709.1k | $47.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Costco Pharmacy — 13450 SW 120th St, Miami, FL 33186
- Reynaldo A. Zeledon, PharmD — 13450 SW 120th St, Miami, FL 33186
- Pro-Active Pharmacy — 12237 SW 132nd Ct, Miami, FL 33186
- Nutri Nation — 12224 SW 131st Ave, Miami, FL 33186
- Nature Nutri — 12224 SW 131st Ave, Miami, FL 33186
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.407
- Latitude
- 25.6634
