12
1 of 12
CommercialFor Sale
$1,250,000
600 Payne Dr
Miami Springs, FL 33166
Courtesy of Dwntwn Realty Advisors LLC
MLS: MIAMI Association of REALTORS
Est. Mortgage
$6,552/mo
The subject property includes three contiguous parcels totaling 7,877 SF and a 4,000 SF building, which encompasses outdoor dining. There are 15 parking spaces available. The offering is a single-tenant NNN retail occupied by Woody’s Tavern Grill, which just signed a new 10-year NNN lease with (1) 5-Year Option with 4% annual increases. The first year of the lease operates under a gross rent model, transitioning to a NNN lease from Year 2 onwards, yielding an 8% cap rate. This shift significantly reduces landlord responsibilities for operating expenses, taxes, and insurance. This property offers a robust investment opportunity with a strong tenant in place, a renovated structure.
Get in touch
Community / School Information
