SIERRA Furniture Store Unit 1 Triple Net (NNN) Commercial Property

Coral Gables (Miami), FL

Price / Precio: US $5,075,000

CAP / Retorno: 5.75%

Building Area / Area Construida:  approx.  4,488 Rentable / 1,836 Outdoor Terrace 3,324 SF =588 M²

Year built/Año de construcción: 2022

NOI / Ingreso Neto: US $291,720

Annual Expenses / Gastos anuales: NNN Tenant responsible for all expenses including property tax, insurance and maintenance (Inquilino responsable por todos los gastos, incluyendo impuesto predial seguro y mantenimiento).

Contract Terms / Términos de la renta: 4.5 years remaining until July 19th 2027 -4.5 años de contrato restante hasta Julio 19th 2027

Increases / Incrementos de rentas: 3% Annually 3% anualmente

Extensions/ Extensión: One-5 Year options.  Una opción de 5 años.

Guarantor / Garantizado por: Sierra Furniture is a Brazilian brand founded in 1990, Sierra Furniture currently have 54 stores in Brazil and 1 in Chile, 2 in Colombia, 1 in Panama, 1 in Paraguay, 1 Peru, 1 in Dominican Republic and

1 Uruguay and this one in United States