Pinch-A-Penny Bird Road 11035 Bird Rd 9,298 SF Retail Building Miami, FL 33165 $6,000,000 ($645.30/SF) 6% Cap Rate

Marcus & Millichap is pleased to present the opportunity to acquire a prime single tenant sale-leaseback asset located 11035 SW 40th St Miami, FL. Positioned along one of the city's busiest corridors, this 9,298-square-foot building sits on a 30,200-square-foot parcel, is exposed to over 45,000 vehicle per day.
This generational asset has remained under single ownership since 1987, underscoring its stability and long-term value. Built in 2009, the subject property consists of 39 parking spaces or 4.19 spaces per 1,000 square feet. With 18-foot clear heights and a twin tee concrete roof, this exceptional building minimizes the need for long term capital expenditures.
Bird Road is one of Miami’s premier retail corridors with major retailers such as Home Depot, Publix, Winn Dixie, CVS, and Walgreens within a .5-mile radius. Additionally, the subject property has very strong demographics with a 1-mile population of 19,639, a 3-mile population of 191,645 residents, and 5-mile population of 481,589 residents. Lastly, it is located less than 2 miles from Florida’s second largest university, Florida International University and less than 1 mile from Kendall Hospital.
Pinch-a-Penny pool spa is a franchised retail chain specializing in swimming pool, patio, and spa supplies and services. Founded in 1975 in Clearwater, Florida, the company has grown into one of the largest franchised pool supply and service networks in the United States with over 300 locations nationwide. Pinch-a-Penny was acquired by Pool Corp (NASDAQ: POOL), in 2021 solidifying its position as the world’s largest wholesale distributor of swimming pool, backyard living, and irrigation products. This specific location has been in business for over 30 years highlighting its sustainable clientele and strong customer relationships.