NNN Hertz

Prime redevelopment opportunity located on a Opportunity Zone Northbound of US1; corner lot of approximately 24,300 SqFt or 0.38 AC. The City of Palmetto Bay recently went to a whole transformation granting owners higher density and allowing mixed use projects. These parcels are on the Main Street Sector that is the primary area of Downtown, this is composed of the most vital, pedestrian and bike-oriented with commercial components scaled to the pedestrian. Suitable for a broad assortment of retail, office, service and residential uses that create the Village mixed-use Downtown area. Current tenant is Hertz rental car! New owner may keep tenant in place and collect rent or redevelop up to 5 stories high. Preliminary feasibility study done "not city approved" revealed 25 Residential units (2-3 beds) 53 parking spaces. Or a professional building Mix use project with retail or restaurant at retail level, 21,500 leasable SqFt. Hertz has another 5 years option. Please sign attached NDA to receive more details on tenant's lease and redevelopment plans.