Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire a single-tenant, net lease

hotel located at 5125 NW 36th Street, Miami Springs, FL (the “Asset” or “Property”). The Asset is long-term leased to B&B

Hotels (“Tenant”) under a NNN lease with minimal landlord responsibilities, 17.6 years of primary lease term remaining,

and strong contractual annual base rent escalators.

The Property is a prime A+ location directly adjacent to Miami International Airport, one of the busiest international

travel airports in the United States with over 55 million passengers traveling through MIA annually. The Asset strategically

benefits from exposure to over 49,500 vehicles per day passing by on NW 36th St and benefits from a tremendous amount

of demand from airline crew members and passengers with overnight layovers.

...

Attributes

Keys

110

WALT

17.6 years

Building area net

54,027 sf

Land area net

1.11 acres

Annual escalation

Variable - CPI

Lease type

Net lease (N/NN/NNN)

±17.6-year NNN lease with attractive annual rent increases based on CPI
Rare, irreplaceable Miami Airport adjacent real estate
Situated within one of the top hospitality markets in the Sunbelt
One of the most popular short-term layover locations in Miami
Ability to acquire 1.1 AC at an attractive basis creating significant downside protection
Global Operator with an expanding footprint
#1 Most Populous County in Florida