INVESTMENT
SUMMARY
The subject property is a newly rebuilt, highstreet CVS building with
unique, modern Art Deco architecture in the heart of Miami Beach,
Florida. This world-class, pride of ownership property, with high
barriers to entry and a dominant national tenant, represents a
generational opportunity for a qualified investor. The offering features
a new 20-year lease with CVS, with 17 years remaining on the base
term and rare increases during the base term and options.
The property is surrounded by a wave of new, high-density
developments on Washington Avenue and it is steps from the
beach, surrounded by 62 hotels within a three block radius.
High Street
Retail
Increases
during lease
62 Hotels within
three blocks
6 |
Miami Beach
Hospitality out-
performing US
* S&P Investment
Grade Credit
COLLIERS INTERNATIONAL
Long-term NNN
lease
Walking Distance
to Beach