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    13199 SW 112Th St Miami, FL 33186

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    For Sale
    $8,400,000

    New construction CVS with a 25-year absolute NNN lease.

    Property size:
    15,007 SF
    Lot size:
    1.05 Acres

    Property Features for 13199 SW 112Th St

    General Information

    Size
    15,007 SF
    Lot size
    1.05 Acres

    Source: Colliers | Fort Lauderdale Agent Christopher Twist

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

    Overview

    New CVS with Drive-Thru

    This property features a free-standing, 13,295-square-foot building with a drive-thru, situated on a 1.05-acre parcel. The property is located at a hard signalized intersection and benefits from additional access. As an outparcel in a Publix-anchored shopping center, it benefits from a strong consumer base and foot traffic. The CVS commenced an absolute NNN lease in December 2022, featuring a 25-year initial term and a corporate guarantee. Positioned in the West Kendall submarket, this CVS serves thousands of households in the immediate area. The new construction was completed in 2023. The location offers outstanding visibility. The Publix-anchored center was recently renovated and includes a new 47,000 square foot Publix store. The CVS relocated from a high-performing inline space within the same center. It features a MinuteClinic for added healthcare services. The property is located in the highly populated West Kendall submarket in South Florida, with a strong demographic profile of 396,000 residents in the immediate trade area. The average household income exceeds $125,000 within a 1-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Drug Store MinuteClinic at CVS Walk-In Clinic LibertyX Bitcoin ATM Atm CVS Pharmacy y ... Pharmacy CVS Photo Passport Photo Processor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Costco Pharmacy, Reynaldo A. Zeledon, PharmD, Pro-Active Pharmacy, Nutri Nation, Nature Nutri

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.407038
    Latitude
    25.663419

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    FAQs

    What type of property is this?
    Drug store - New construction CVS with a 25-year absolute NNN lease.
    Where is this drug store located?
    The property is located at 13199 SW 112Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $8,400,000.
    What are key features of this property?
    This property features: - 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.
    (561) 602-8390
    Request Owner's contact information
    13199 SW 112Th St Miami, FL 33186
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    Miami, FL 33186
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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
    13199 SW 112Th St Miami, FL 33186
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