Income-producing retail in Coral Gables. The 6,040 RSF is leased to My Salon Suites. Constructed in 2015, MSS offers 27 private state-of-the-art spacious suites. The Tenant has exercised an early lease option, showing commitment and longevity to the retail space in Coral Gables. Lease through 9/30/2029 with (1) five-year lease options. Parking: 30 garaged spaces.
Average Capitalization Rate 5.12%.
Scheduled Lease increase: 6% rental increase in Oct. 2022 and a 10% rental increase in October 2024.