Your email has been sent.
Caribbean Shoppes 19501-19577 NW 2nd Ave 25,776 SF 99% Leased Retail Building Miami, FL 33169 $9,425,000 ($365.65/SF) 7.62% Cap Rate
Investment Highlights
- Caribbean Shoppes is the Highway 441 commercial corridor's iconic retail shopping center, with sizable units to accommodate various tenant needs.
- Surrounded by Miami Gardens' diverse working- and middle-class community near the Golden Glades interchange, Hard Rock Stadium, and the Calder Casino.
- Fully leased with a 22-tenant roster, this prime shopping center offers a stable investment structure and showcases the area's key positioning.
- Strategically located 15 minutes from the Aventura Mall, five minutes from Hallandale Boulevard, and 10 minutes away from Hollywood Boulevard.
Executive Summary
The property offers an attractive 7.2% CAP rate, with a projected increase to 7.8% by 2026, signaling a strong initial return and clear near-term upside. Its modern construction minimizes deferred maintenance while creating opportunities to enhance value through strategic lease adjustments or replacing existing tenants with higher-performing businesses, ultimately driving increased rental income and property value.
Maintaining such longevity and consistency in business is a testament to the resilience, hard work, and dedication of both the tenants and Caribbean Shoppes' management. The diverse tenant mix complements itself well, creating a vibrant and appealing retail destination that continues to attract steady consumer traffic.
Located just north of the Golden Glades interchange, Caribbean Shoppes provides direct access to Interstate 95, Florida's Turnpike, and State Routes 441 and 826, ensuring excellent connectivity throughout South Florida. Situated in Miami Gardens, the property is surrounded by a diverse working- and middle-class population of nearly 701,500 residents within a 15-minute drive. Nearby points of interest include Aventura Mall, Hard Rock Stadium, St. Thomas University, Florida Memorial University, and numerous businesses, services, and restaurants along the US Highway 441 corridor.
Matterport 3D Tour
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Caribbean Shoppes is a busy retail shopping center with diverse tenants offering a variety of services and products, which create an attractive consumer center. Second-level office space provides a quiet, private place for professional operations, with access to amenities right in the center.
| Space | Size | Space Use | Position | Available |
| 218 | 230 SF | Office | - | Now |
218
| Size |
| 230 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
218
| Size | 230 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Caribbean Shoppes is a busy retail shopping center with diverse tenants offering a variety of services and products, which create an attractive consumer center. Second-level office space provides a quiet, private place for professional operations, with access to amenities right in the center.
About Northeast Dade
Northeast Dade is one of South Florida’s most desirable retail real estate markets, encompassing established coastal communities, urban neighborhoods, and regional commercial corridors. The area extends from North Miami and North Miami Beach through Aventura and Sunny Isles Beach, offering exposure to a diverse consumer base and some of the region’s most sought-after residential and tourism destinations.
The market benefits from a combination of affluent demographics, scarce new development, and continued investment in mixed-use and residential projects. Prominent retail corridors and destination shopping districts have helped establish Northeast Dade as a long-standing retail hub, supporting demand from both national and local tenants. Existing shopping centers, street retail properties, and redevelopment sites offer investors and owner-users a range of acquisition opportunities.
Proximity to the Atlantic coastline, luxury residential communities, hospitality destinations, and major transportation routes continue to support the area's long-term real estate fundamentals. With strong barriers to entry, high-visibility commercial corridors, and sustained demand for well-located retail space, Northeast Dade remains an attractive market for retail property investment and ownership.
Demographics
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Waffle House | - | - | 2 min walk |
| Wendy's | - | - | 3 min walk |
| La Granja | Latin American | - | 2 min walk |
| Smoothie King | - | - | 4 min walk |
| Subway | - | - | 4 min walk |
| Donna's Caribbean | Caribbean | $$$ | 5 min walk |
Retail |
||
|---|---|---|
| The UPS Store | Business/Copy/Postal Services | 4 min walk |
| Amscot | Check Cash/Quick Loans | 4 min walk |
| Bank of America | Bank | 5 min walk |
| CVS Pharmacy | Drug Store | 5 min walk |
| Dollar General | Dollar/Variety/Thrift | 11 min walk |
| Publix | Supermarket | 10 min walk |
Hotels |
|
|---|---|
| aloft Hotel |
207 rooms
9 min drive
|
| Hilton |
208 rooms
11 min drive
|
| Courtyard |
166 rooms
10 min drive
|
| JW Marriott |
685 rooms
11 min drive
|
| SpringHill Suites |
124 rooms
14 min drive
|
| Hard Rock |
1,271 rooms
15 min drive
|
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $7,555,291 |
Property Taxes
Sale Advisor
Sale Advisor
Jaime Esquenazi, Sales Associate
Contact the Sale Advisor
Caribbean Shoppes | 19501-19577 NW 2nd Ave