The Spot Barbershop | Net Leased Retail Condo| Trophy Miami Location | Minutes from The U

4100 Salzedo St STE 14, Coral Gables, FL 33146, USA
$1,087,000

Description

Marcus & Millichap is pleased to present for sale this retail condo subject to a net lease with The Spot Barbershop located at 4100 Salzedo Street Unit 14 in Coral Gables, Florida. Coral Gables is a beautiful city in Miami-Dade County just Southwest of Downtown Miami with a growing population of over 49,700. Coral Gables is a Mediterranean themed planned community known for its historic and affluent character reinforced by popular landmarks and tourist sights. Coral Gables is also home to The University of Miami with 239 acres and 18,000 students. It is also home to Baptist Health of Miami, Bacardi Limited, Capital Bank Financial, Del Monte Produce, Exxon Mobile American Airlines, Dolphin Entertainment and Money Gram, to name just a few.
This Spot Barbershop is ideally located nearby the Shops at Merrick Park with 90 popular stores including Gucci, J. Crew, Lacoste, Jimmy Choo, Cole Haan, Sephora, TUMI, Yard House, Pandora, Lulemon and many, many more. Many apartment complexes are within minutes of this property including South Miami Plaza Apartment with 97 Units, Ludlam Point Apartments with 204 Units, The Residences of Merrick Park with 120 Units and many more. Also a few minutes away is Coral Gables High School with 3, 231 students.
The Spot Barbershop welcomed its first clients in 2001 in an area of  Miami known as Little Havana and has since become a Miami Staple in the grooming industry and is one of the fastest growing brands in men’s grooming. The Spot Barbershop recently opened its 18th location in Miami-Dade and Fort Lauderdale with plans to continue to expand throughout the nation in coming years. The Spot Barbershop was voted “Best Barbershop 2021” by the Miami New Times. The Spot Barbershop offers classic and contemporary haircuts and grooming for the gentlemen of Miami from hot towel shave treatments to hip haircuts and straight razor shaves.

  • Net Leased Retail Condominium in Coral Gables Miami-Dade County Population 49,700 & Home to University of Miami, Exxon Mobile, Baptist Health, Del Monte Produce, Bacardi, Capital Bank
  • Leased to The Spot Barbershop (Do Not Disturb Tenant) – Very Successful Location
  • The Spot Barbershop Surrounded by Many Apartment Complexes Including The Residences at Merrick Park (120 Units), Ludlam Point (204 Units), The Henry (120 Units) and South Miami Plaza Apartments (97 Units)
  • Located within The Shops at Merrick Park With 90 Shops Including Gucci, Tiffany, Sephora, J. Crew, Yard House, Cole Haan, Chicos, Pandora & Pottery Barn
  • Located next to The Collection, Miami’s Premier Ferrari, Aston Martin, Jaguar, Porsche and Mclaren Dealer
  • Minutes from the University of Miami (The U) with more than 11,000 Students
  • Minutes From Coral Gables High School With 3,231 Students
  • The Spot Barbershop Recently Opened its 18th Location & is Expanding Rapidly Including Locations in Fort Lauderdale
  • Below Market Rents | Strong Intrinsic Value
  • The Spot Barbershop Voted “Best Barbershop 2021” By Miami New Times

Property Documents

  • The-Spot-Coral-Gables-FL-om-ib
  • State/county: Florida
  • Zip/Postal Code: 33146
  • Country: United States

Detail

  • Price: $1,087,000
  • Year Built: 2008

Additional details

  • CAP RATE: 5.50%
  • NOI: $59,808

Features