2120 32Nd Ave Miami, FL 33145

This exceptional investment opportunity presents a newly renovated (2024), 23,519-square-foot freestanding retail building in Coral Gables, Florida. Located at 2120 SW 32nd Ave, Miami, FL 33145, this Class A property sits on a 1.95-acre lot (APN: 01-4109-012-0031) in a high-traffic area, adjacent to other national retailers. The property is 100% occupied by a CVS Pharmacy under a 15-year net lease with a corporate guarantee, offering significant long-term stability. The net rentable area is 23,344 square feet, with a price per square foot of $820.41 and a 4.75% cap rate. The asking price is $19,295,214. This single-story building benefits from a complete gut renovation completed in 2024, ensuring modern amenities and functionality. The property is zoned 6101 and offers a strong investment opportunity due to its prime location, long-term lease, and corporate guarantee. The lease includes eight five-year renewal options with a 5% rental increase in each option. This is a rare chance to acquire a high-quality, net-leased retail property in a thriving Miami-Dade County submarket, within the tax-free state of Florida.