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BRICKELL RETAIL NNNNNN Investment Opportunity – Retail Space at
NEO VERTIKA
P r i c e : $ 2 , 2 0 0 , 0 0 0S i z e : 3 , 5 2 2 S FN O I : $
1 3 1 , 1 2 7C a p R a t e : 6 % - I n P l a c e
169 SW 7th Street CU-C&D Miami, FL 33130
FOR SALE
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1. Investment Summary………………………….……………..…………..3
2. Property
Description………………………………………..…………….4SummaryPicturesAerial
MapProperty Location
3. Financial Analysis…………………………………………….………...…9Current Lease
Agreement
4. Brickell City Centre………………………………..…………….…..……10
5. The Underline………………………………..…………….……11
6. Market Analysis (Brickell/Downtown)…………………………12
TABLE OF CONTENTS
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Confidential – Affinity International Realty
FOR SALE
Brickell NNNOpportunity
- Affinity International Realty is pleased to offer for sale
this this NNN Opportunity atNEO VERTIKA BRICKELL, a great income
producing property, in a highly visible anddense/urban location in
Brickell/Miami.
- The property consists of approximately 3,522 SF of Net
Rentable Area, built in 2006.- This property offers an outstanding
opportunity to acquire an income producing
property at 6% Cap Rate. Tenant has a 10 Year Triple Net Lease,
which expires onAugust 14, 2026.
- CKO Kickboxing has over 65 Locations, and have been an
outstanding tenant.
1. Investment SummaryNEO VERTIKA RETAIL – Miami, FL
(Brickell)
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Confidential – Affinity International Realty
Investment Highlights:
- Strong cash flow asset: The property will immediately produce
a strong netoperating income.
- Tenant: Excellent national tenant.- Prime location: Highly
visible location on SW 7th Street in Brickell, across from
Brickell City Centre and Newly developer Underline- Great
demographics: South Florida’s Financial District, the core of
Miami’s
banking, investment, and financial sectors.
Location:169 SW 7th Street CU-C&DMiami, FL 33130
Property Type:Retail Condo
Size:Area: 3,522 SF
Construction Type:Concrete Block with StuccoImpact Windows
Parking Spaces:4
Year Built:2006 – New Construction
2. Property DescriptionSummary
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2. Property DescriptionPictures
BRICKELL RETAIL - NNN
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2. Property DescriptionPictures
BRICKELL RETAIL - NNN
Confidential – Affinity International Realty
2. Property DescriptionPictures
BRICKELL RETAIL - NNN
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2. Property DescriptionAerial Map
Size:3,522 SF
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2. Property DescriptionProperty Location – Miami, FL
(Brickell)
Brickell Retail NNN169 SW 7th Street CU-C&D
Miami, FL 33130
Brickell is the Miami’s financialdistrict, where glittering
businesstowers and luxury condos towerover Biscayne Bay and
hasbecome a buzzling urbanlive/work/play district. Rooftopbars and
world class restaurantscater to the banking and businesscrowd,
while the art galleries andfashionable boutiques in theBrickell
City Centre attract chiclocals and tourists.
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3. Financial AnalysisCurrent Lease Agreement
Tenant: 522AS, LLC / DBA : CKO KICKBOXINGLandlord: Vergil US,
CorpBase Rent x SF - Year 1 (NNN) $34.07Lease Term: 10 YearsAnnual
Increases 3.0%
Period Year Base Rent (Annual) Base Rent (Monthly) Aug 15, 2016
- Aug 14, 2017 1 $120,000 $10,000Aug 15, 2017 - Aug 14, 2018 2
$123,600 $10,300Aug 15, 2018 - Aug 14, 2019 3 $127,308 $10,609Aug
15, 2019 - Aug 14, 2020 4 $131,127 $10,927Aug 15, 2020 - Aug 14,
2021 5 $135,061 $11,255Aug 15, 2021 - Aug 14, 2022 6 $139,113
$11,593Aug 15, 2022 - Aug 14, 2023 7 $143,286 $11,941Aug 15, 2023 -
Aug 14, 2024 8 $147,585 $12,299Aug 15, 2024 - Aug 14, 2025 9
$152,012 $12,668Aug 15, 2025 - Aug 14, 2026 10 $156,573 $13,048
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4. Brickell City CentreMiami-Dade County
Brickell City Centre (BCC) is a $1.05 Billion Mixed Useproject
which has transformed Brickell’s sociallandscape. BCC has 4.9
Million square feet with 2Office Buildings, 2 Residential Skyrises,
We Work,Restaurants, Shops, Bars, and a Cinemex VIP Theather.
BCC is just 500 feet away from the property.
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5. The Underline Brickell
The Underline will transform theland below Miami’s Metrorail
into a10 –mile linear park, urban trail, andcanvas for art.
The Underline is only 200feet from the property
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6. Market AnalysisBrickell / Downtown
Downtown Miami offers all of the amenities of a cosmopolitan
city with an intimate neighborhoodfeel. Skyscrapers soar above palm
trees in Miami’s metropolis, a walkable enclave where residentsand
tourists alike enjoy a vibrant urban experience.
Downtown Miami is a residential and retail center where
restaurants, galleries, museums, shops,and parks are in close
proximity to condominiums and apartments. From fine dining to the
weekendFarmer’s Market, Miami has innovative culinary options
offering unique choices to please everyone’spalate.
Miami’s magnetism goes far beyond its beautiful bay and river
views—the city is a bustling businesshub, home to the highest
concentration of international banks and prime office space in
Florida.
Public transit keeps every stop in the destination close and
accessible. Miami combines commerce,culture and tourism to create a
dynamic cityscape unlike any other in the country.
- Miami DDA
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BRICKELL RETAIL NNNInvestment Opportunity – Retail Space at NEO
VERTIKA
