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Retail Building/ 36,040 SF Lot 2022 NW 1st Ct 7,440 SF of Retail Space Available in Miami, FL 33127
HIGHLIGHTS
- Located In The New SoWy Urban Campus
- Ideal For Indoor Outdoor Venue
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Lot 2 | 7,440 SF | 2-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste Lot 2
Lot is a total of 36,040 s/f $350,000 NNN Per Year
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,440 SF | Gross Leasable Area | 7,440 SF |
| Property Type | Retail | Year Built | 1941 |
| Property Subtype | Retail | Parking Ratio | 2.69/1,000 SF |
| Total Space Available | 7,440 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 7,440 SF |
| Year Built | 1941 |
| Parking Ratio | 2.69/1,000 SF |
ABOUT THE PROPERTY
DWNTWN Realty Advisors has been retained exclusively to arrange the leasing of the SoWy Portfolio in Miami, FL. Located along NW 2nd Avenue, one of Wynwood’s main arteries with 8,000 VPD, this leasing opportunity is in the heart of the SoWy urban campus, a creative environment ideal for innovative offices, art gallery, modern F&B concepts, creative retail uses and more. The condition of the lots are lease ready. This portfolio represents the opportunity to acquire a footprint in one of Miami’s highest growth neighborhoods with strong leasing demand. There are currently 28 development projects in Wynwood, totaling 3,227 residential units, 192 hotel rooms, 662k SF of office space and 361k SF of retail space.
- Corner Lot
- Fenced Lot
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Northwest 20th Street | NW 1st Pl, W | 16,083 | 2022 | 0.01 mi |
| NW 20th St | NW 1st Pl, W | 13,454 | 2022 | 0.01 mi |
| NW 1st Pl | NW 19th St, S | 1,432 | 2022 | 0.08 mi |
| NW 1st Ave | NW 19th St, S | 2,008 | 2022 | 0.12 mi |
| NW 3rd Ave | NW 19th St, N | 5,967 | 2022 | 0.22 mi |
| N Miami Ave | NE 19th St, S | 6,840 | 2022 | 0.22 mi |
| Northwest 3rd Avenue | NW 19th St, N | 6,583 | 2022 | 0.28 mi |
| Northwest 2nd Avenue | NW 24th St, N | 7,869 | 2022 | 0.31 mi |
| Northwest 17th Street | NW 5th Ave, E | 2,709 | 2022 | 0.42 mi |
| NW 5th Pl | NW 19th St, E | 15,110 | 2020 | 0.44 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
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