2120 SW 32nd Ave Coral Gables, FL 33145
Single-tenant retail building leased to CVS Health Corporation/Navarro Company.
Type:Retail
Property size:
23,519 SFLot size:
1.95 Acres- Added:
- May 15, 2025
- Days on Market:
- 339
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 2120 SW 32nd Ave
General Information
- Standard status
- Active
- Size
- 23,519 SF
- Lot size
- 1.95 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Manny Chamizo License #0479698
Listing office Manny Chamizo #1 Sotheby’s Commercial Broker
Listing date May 15, 2025
Source Crexi
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 Manny Chamizo #1 Sotheby’s Commercial Broker
Overview
Coral Gables Retail Investment Opportunity
Located on the edge of Coral Gables' central business district, a single-tenant retail building is available for investment. The property is leased to CVS Health Corporation/Navarro Company. The building, with a total rentable building area of 23,344 square feet, is situated on approximately 1.95 acres of land. A brand new 15-year lease commenced on April 1, 2024, and expires on April 1, 2039, with eight renewal options of five years each. The lease includes 5% rental increases at each option term. The current annual rent is $916,522.66, which translates to $39.26 per square foot annually or $3.27 per square foot monthly. The lease is absolute net, with the tenant responsible for interior, fixtures, equipment, taxes, and maintenance. The landlord is responsible for the roof, structure, and parking lot. Major renovations were completed in 2024. The property is located in a prominent retail area near other national tenants, offering excellent development potential. The location benefits from strong demographics within a 5-mile radius.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Navarro Pharmacy #11509 — 2120 SW 32nd Ave, Miami, FL 33145
- CVS — 2120 SW 32nd Ave, Miami, FL 33145
- CVS Pharmacy — 2120 SW 32nd Ave, Miami, FL 33145
- MTHFR Store — 2251 SW 27th Ave, Miami, FL 33145
- KetonesPrüvit — 2465 SW 18th Ave, Miami, FL 33145
Map
- City
- Coral Gables
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2344
- Latitude
- 25.7527
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single-tenant retail building leased to CVS Health Corporation/Navarro Company.
Where is this drug store located?
The property is located at 2120 SW 32nd Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: New 15‑year lease with CVS Health Corporation/Navarro Company, offering a stable, long‑term investment.; Located in affluent Coral Gables, a Miami‑Dade County submarket.; Significant development potential on a large 1.95‑acre lot.
