18400-18450 NW 2 Avenue | Miami Gardens, FL 33169
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- LoopNet Team
18400-18450 NW 2 Avenue
Miami Gardens, FL 33169
Main Street Plaza Anchored Rest. Drive-Thru · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- First Time on the Market For Sale. Owned 35 years by the same Owner
- All Tenants willing to sign New Long Term Leases. Shopping Plaza with Excellent Exposure and in the heart of State Road 7 and Miami Gardens
- Year Built: 1988 / Renovated in 2004 - Frontage: 419 feet +/- in US 441/State Road 7/ NW 2 Avenue, One of the Best Location in US 441/ Miami Gardens
- 90% Same Tenants for more than 30 years, the rents are way below market, landlord has not raised their rents over the years
- Land: 2.74 Acres / 119,377 SF - Shopping Plaza feature 3 Curb Cuts and also a 3,500 SF Out Parcel
- Projected NOI $1,626,000 and Projected CAP Return 11.66% by having All Tenants on Triple Net (NNN) Leases
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
32,526 SF
Building Class
C
Year Built/Renovated
1988/2004
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
2.74 AC
Zoning
BU-2 - PCD - Planned Corridor Development
Commercial
Parking
152 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
419’ on NW 2nd Ave
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 34-2101-041-0031 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,860,047 |
PROPERTY TAXES
Parcel Number
34-2101-041-0031
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,860,047
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