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740 Collins Ave

8,130 SF Retail Building Miami Beach, FL 33139 For Sale

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Executive Summary

• Just Listed
• Prime Single Tenant Asset
• Investment or Owner – User Opportunity
• Value add opportunity – Mark-to-Market Rent
• AAA location on Collins Avenue
• Recent 5 year lease extension with National Tenant
• Shoe Palace has occupied the property since 2017
• Below market rents
• Opportunity to significantly increase rents in 2 years
• Landlord has right to terminate existing lease on April 30th, 2027
• Below replacement cost