KidneySpa | 4298 Palm Ave
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KidneySpa 4298 Palm Ave
5,991 SF Retail Building Hialeah, FL 33012 $9,865,843 CAD ($1,647 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Kidney Spa located In Hialeah, FL | Most Densely Population Submarket of Miami | 1 Mile Population Exceeds 28,000 People | 5 Mile Exceeds 469k People
- 2% Annual Rent Increases, Plus Three 5-Year Options Provide Attarctive Rent Growth During Lease Term
- The Lease Features a Corporate Guaranty By KidneySpa, LLC
- New 15-Year Lease Term Expiring March 31, 2038
- Absolute NNN Lease-Zero Landlord Responsibilities For Operating or Capital Expenses
- Brand New 2023 Construction Built-to-Suit for KidneySpa
Executive Summary
Marcus & Millichap is pleased to present for sale this Kidney Spa Property located at 4298 Palm Avenue in Hialeah, Florida. The subject property consists of 5,991 SF facility situated on a .43-acre pad fronting Palm Avenue with over 28,000 vehicles per day providing excellent visibility. Palm Avenue is a major North-South roadway in Hialeah, which leads directly into Downtown Miami that further connects to Interstate-95, traveling the entirety of the Florida Coast.
Hialeah is a city in Miami-Dade County Florida with a population of 223,109. It is the second largest city in the Miami Metropolitan Area with a population over 6,198,782. Hialeah is a major commercial center in Miami-Dade County and is host to numerous national retailers.
This facility was reconstructed in 2023 under a new fifteen-year, absolute net lease with fourteen years remaining and 2% annual increases, including the three, five-year Option periods.
Numerous apartment complexes surround this Kidney Spa Property including Hialeah Park Apartments, Les Montellier Apartments, Las Brisas Gardens Apartments, Blackstone Apartments, Westland 49 Apartments, Manor Hialeah, and Paradise Apartments.
Hialeah, Milander Park features a municipal auditorium and a 10,000-seat football stadium. Also located in Hialeah is Amelia Earhart Park just south of Opa Locka Airport with 515 acres and a 5-acre dog park.
Colleges and universities near this property include Miami Dade College with over 100,000 enrolled students and Florida National University with 2,465 enrolled students.
Hospitals nearby include Hialeah Hospital, Larkin Community Hospital, Southern Winds Hospital and Palmetto General Hospital.
Kidney Spa, LLC is a medical company offering dialysis to patients with centers located in Miami, Miami Beach, Coral Gables, Hialeah, Tampa, East Atlanta, Georgia, Pearland, Texas, and Sugarland Texas. Kidney Spa Centers are known for their sophisticated technology and SPA-like infrastructure.
Hialeah is a city in Miami-Dade County Florida with a population of 223,109. It is the second largest city in the Miami Metropolitan Area with a population over 6,198,782. Hialeah is a major commercial center in Miami-Dade County and is host to numerous national retailers.
This facility was reconstructed in 2023 under a new fifteen-year, absolute net lease with fourteen years remaining and 2% annual increases, including the three, five-year Option periods.
Numerous apartment complexes surround this Kidney Spa Property including Hialeah Park Apartments, Les Montellier Apartments, Las Brisas Gardens Apartments, Blackstone Apartments, Westland 49 Apartments, Manor Hialeah, and Paradise Apartments.
Hialeah, Milander Park features a municipal auditorium and a 10,000-seat football stadium. Also located in Hialeah is Amelia Earhart Park just south of Opa Locka Airport with 515 acres and a 5-acre dog park.
Colleges and universities near this property include Miami Dade College with over 100,000 enrolled students and Florida National University with 2,465 enrolled students.
Hospitals nearby include Hialeah Hospital, Larkin Community Hospital, Southern Winds Hospital and Palmetto General Hospital.
Kidney Spa, LLC is a medical company offering dialysis to patients with centers located in Miami, Miami Beach, Coral Gables, Hialeah, Tampa, East Atlanta, Georgia, Pearland, Texas, and Sugarland Texas. Kidney Spa Centers are known for their sophisticated technology and SPA-like infrastructure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,991 SF
Building Class
B
Year Built
2023
Price
$9,865,843 CAD
Price Per SF
$1,647 CAD
Cap Rate
6.35%
NOI
$626,481 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.43 AC
Zoning
C-1
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Kidney Spa
- Professional, Scientific, and Technical Services
- 5,991 SF
- -
- Net
- Mar 2038
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Kidney Spa | Professional, Scientific, and Technical Services | 5,991 SF | - | Net | Mar 2038 |
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-3106-045-0471 | Improvements Assessment | $3,767,086 CAD |
| Land Assessment | $1,953,316 CAD | Total Assessment | $5,720,402 CAD |
PROPERTY TAXES
Parcel Number
04-3106-045-0471
Land Assessment
$1,953,316 CAD
Improvements Assessment
$3,767,086 CAD
Total Assessment
$5,720,402 CAD
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KidneySpa | 4298 Palm Ave
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