1220 Collins Ave Miami Beach, FL 33139-4607

This exceptional investment opportunity presents a 15,600-square-foot, three-story storefront located at 1220 Collins Avenue in Miami Beach, Florida. The property, built in 1939 and extensively renovated in 2009, boasts a prime location in the heart of South Beach, benefiting from high foot traffic. Currently 100% occupied by a single, globally recognized luxury retail tenant, The Webster, under an absolute NNN lease expiring March 31, 2035 (10.4 years remaining). The lease includes a 2% annual rent bump. The building features high-end fixtures and lighting, while preserving its Art Deco architectural significance. With a Net Operating Income (NOI) of $822,436 and a 4.84% cap rate, this stabilized investment offers significant returns. The 7,000-square-foot lot is zoned MXE, providing flexibility for various uses. This is a rare chance to acquire a fully leased, iconic South Beach property with a long-term lease and strong financial performance. The property's history as a hotel, converted to a multi-brand boutique, adds to its unique appeal.