NNN Bank Pad
For Sale
Contact for pricing
12610 SW 120th St, Miami, FL 33186
Freestanding bank pad within South Kendall Square, anchored by Walgreens and Starbucks, built in 2004.
Property Size4,465 SF
Lot Size0.20 Acres
Price / SF$806.27
Days on Market632
Property Features for 12610 SW 120th St
General Information
Standard status
Active
Size
4,465 SF
Lot size
0.20 Acres
Property subtype
RETAIL
Lease Type
NNN
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
Canvas Real Estate - Weston
(786) 532-6883
Listed By:
Ernesto Bistuer · License #3381075
(786) 532-6883
Source:
Moodyscre
Added: Nov 11, 2024
Changed: Jul 27
Last Checked: Aug 4 at 11:00AM
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 Canvas Real Estate - Weston
Investment Insights
Based on property information with market context.
This for-sale Chase NNN lease bank property is a pad site within the South Kendall Square shopping center. The building was built in 2004 and comprises 4,280 square feet.
The shopping center is anchored by Walgreens and Starbucks. The property is located at 12610 SW 120th St in Miami, Florida.
Chase has occupied the site since 2005.
The shopping center is anchored by Walgreens and Starbucks. The property is located at 12610 SW 120th St in Miami, Florida.
Chase has occupied the site since 2005.
Key Highlights
- Freestanding Chase NNN lease bank pad in South Kendall Square shopping center
- Built in 2004; approximately 4,280 SF on an 8,540 SF lot
- Chase Bank has occupied the site since 2005
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 | $160.7k | $36.00 |
| − Vacancy | −$4.8k | −$1.08 |
| EGI | $155.9k | $34.92 |
| − OpEx | −$39.0k | −$8.73 |
| NOI | $116.9k | $26.19 |
4,465 SF · lease $36.00/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,938 @ 7.0% cap · market cap 3.25%
Second Best
Retail
$1.54M
$1.34M – $1.79M
NOI $107,491 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,676 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,871
Businesses Nearby
Explore this area
Business Placement
Demographics for 33186, FL
69,866
Population
24,397
Households
2.9
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
5,634
Density / Sq Mi
$86,481
Median Household Income
$46,755
Median Earnings
$2,021
Median Rent
$422,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Freestanding bank pad within South Kendall Square, anchored by Walgreens and Starbucks, built in 2004.
Where is this bank located?
The property is located at 12610 SW 120th St Miami, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Freestanding Chase NNN lease bank pad in South Kendall Square shopping center; Built in 2004; approximately 4,280 SF on an 8,540 SF lot; Chase Bank has occupied the site since 2005
