Coral Gables Retail Investment
For Sale
Contact for pricing
2120 SW 32nd Ave, Coral Gables, FL 33145
Single-tenant retail building leased to CVS Health Corporation/Navarro Company.
Property Size23,519 SF
Lot Size1.95 Acres
Price / SF$764.11
Days on Market467
Property Features for 2120 SW 32nd Ave
General Information
Standard status
Active
Size
23,519 SF
Class
A
Lot size
1.95 Acres
Property subtype
Retail
Zoning
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
2024
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Manny Chamizo #1 Sotheby's Commercial Broker
(786) 486-6655
Listed By:
Manny Chamizo · License #0479698
Source:
Crexi
Added: May 15, 2025
Changed: Aug 17
Last Checked: Aug 23 at 12:40PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,360
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
Frequently Asked Questions
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 $17,971,032.
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.
