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Published on: Tuesday, September 9, 2025
Updated on: Wednesday, September 17, 2025
About the Lister
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Name: Manuel Chamizo III
Company: ONE Sotheby's
Office Phone:  
Cell Phone: (786) 486-6655
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  Navarro / CVS Corporate Guaranteed NN

2120 SW 32nd Ave Coral Florida , 33145
2120 SW 32nd Ave Coral Florida , 33145  ONE Sotheby's
Listing ID: CL-Florida-26235 Retail Pad /Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: $916,522.66
Quick Glance
Listing ID: CL-Florida-26235
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2024
Building Size: 23,519.00 SqFt
Lot Size: 1.95 Acre
No of Stories: 1
No of Parking: 65
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Navarro2120SW32AVE-OMbyMannyChamizoIII.pdf ( 15,320.82KB)
Listing Summary
Presenting a prime investment opportunity to acquire a single-tenant CVS/Navarro Pharmacy located on a large lot just outside of Coral Gables, one of Miami-Dade County's most affluent submarkets.
Complete Details
Year Build: 2024
Building Size: 23,519 SqFt.
No of Stories: 1
Total Lot Area: 1.95 Acre
No of Parking: 65
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Prestres
Occupancy: 100%
Full Description
Additional Properties
Property Tenants
  • CVS owned Navarro Super Tore
Property Other Use
  • Pharmacy
Property Highlights
  • Brand-New Long-Term Lease: The property has a new 15-year lease with CVS/Navarro, ensuring a stable income stream.
  • Corporate Guarantee: The lease is backed by a strong corporate guarantee from CVS Health Corporation, a national credit tenant.
  • Below-Market Rent: The current rent is below market value, offering future upside potential for increased income.
  • Significant Development Potential: The 1.95-acre lot provides room for future redevelopment or expansion.
  • Prime Location: Located at the edge of Coral Gables, one of Miami-Dade County's most affluent and desirable submarkets.
  • High-Visibility Site: The property is situated on a major thoroughfare with excellent frontage.
  • Recent Renovations: The building underwent major renovations in 2024, ensuring it is in excellent condition.
  • Future Income Growth: The lease includes eight five-year renewal periods with a 5% rental increase at each option.
  • Attractive Cap Rate: The property offers a compelling 4.75% cap rate.
  • Tax-Friendly State: This investment is located in Florida, a tax-free state, which is a major benefit for investors.
Property Utilities
  • FPL,Wtr & Sewer
Features
  • 100% Complete Gut Renovation Completed in 2024
  • CVS Corporate Guaranteed
  • Absolute NN
  • Long-Term Lease till 2039
  • Coral Way Major Retail Thoroughfare
  • Florida is a Tax-Free State
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$916,522.66
$0.00
$0.00
$916,522.66
$0.00
0%
Cash Flow for Current Listings

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Universe Financial Corp Mortgage Broker Melody Bejerano (305) 505-3053 Request Quote
Easy Home Loans, LLC Mortgage Broker Ana M Gonzalez (786) 525-7126 Request Quote
View All
Listing Location
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Status: Accepting Offers
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Modified On: 9/23/2025
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Modified On: 9/23/2025
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Title: Office Sublease Opportunity In The Heart Of Coral Gables
Address: 999 Ponce de Leon , Coconut Grove Florida 33134
Listing ID: CL-Florida-26395
Listing Type: Commercial +Lease
Category: Office - Office Condo
Status: Accepting Offers
Created On: 9/23/2025
Modified On: 9/23/2025
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Address: 10440 SW 186th Terrace , Cutler Bay Florida 33157
Listing ID: CL-Florida-26394
Listing Type: Commercial +Lease
Category: Land - Industrial
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Created On: 9/22/2025
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Title: HUEHUB PRIME RETAIL SPACES AVAILABLE FOR LEASE - BUILDING 7
Address: 2498 NW 86th St , Miami Florida 33147
Listing ID: CL-Florida-26393
Listing Type: Commercial +Lease
Category: Retail - Restaurant
Status: Accepting Offers
Created On: 9/22/2025
Modified On: 9/22/2025
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