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Dragonfly Shops at Cutler Bay 21500 Old Cutler Rd 1,100 - 9,900 SF of Retail Space Available in Cutler Bay, FL 33189
Highlights
- ±9,900 SF multi-tenant retail building available
- New construction – now pre-leasing
- Located on Old Cutler Road with strong local connectivity
- Anchored by PNC Bank (executed lease)
- Ideal for restaurant, wellness, service retail, and fitness users
- Dense residential trade area with limited new retail supply
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,100-9,900 SF | 20’ - 28’ | 10 Years | $55.00 /SF/YR $4.58 /SF/MO $544,500 /YR $45,375 /MO | Triple Net (NNN) |
21500 Old Cutler Rd - 1st Floor
Bank Anchored New Construction Retail – Cutler Bay Now pre-leasing a newly developed neighborhood retail center located at 21500 Old Cutler Road in Cutler Bay, FL. The project is anchored by a recently executed lease with PNC Bank, bringing a strong credit tenant and consistent daily traffic to the site. The remaining ±11,000 SF multi-tenant building is available for lease and can be demised to accommodate a variety of users. The property is ideally suited for medical, wellness, service retail, boutique fitness, and fast-casual dining concepts seeking presence within a growing residential corridor. Strategically positioned along Old Cutler Road with convenient access to Florida’s Turnpike, the site is surrounded by established neighborhoods and continues to benefit from steady population growth and limited new retail supply in the immediate trade area. The center offers strong visibility, accessible parking, and a layout designed to support daily-needs retail. This is one of the only new construction retail opportunities in the Cutler Bay submarket, offering tenants the ability to establish long-term positioning in a stable, underserved location.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Finished Ceilings: 20’ - 28’
- ±9,900 SF multi-tenant retail building available
- Anchored by PNC Bank (executed lease)
- Prime location on Old Cutler Road
- Ideal for restaurant, wellness, and service retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Property Facts
| Total Space Available | 9,900 SF | Frontage | 300’ on SW Old Cutler Raod |
| Min. Divisible | 1,100 SF | Gross Leasable Area | 12,900 SF |
| Center Type | Strip Center | Total Land Area | 4.44 AC |
| Stores | 2 | Year Built | 2027 |
| Center Properties | 2 |
| Total Space Available | 9,900 SF |
| Min. Divisible | 1,100 SF |
| Center Type | Strip Center |
| Stores | 2 |
| Center Properties | 2 |
| Frontage | 300’ on SW Old Cutler Raod |
| Gross Leasable Area | 12,900 SF |
| Total Land Area | 4.44 AC |
| Year Built | 2027 |
About the Property
Bank Anchored New Construction Retail – Cutler Bay- Estimated Completion Fall 2027 Now pre-leasing a newly developed neighborhood retail center located at 21500 Old Cutler Road in Cutler Bay, FL. The project is anchored by a recently executed lease with PNC Bank, bringing a strong credit tenant and consistent daily traffic to the site. The remaining ±9,900 SF multi-tenant building is available for lease and can be demised to accommodate a variety of users. The property is ideally suited for restaurant and fast-casual dinning, wellness, service retail, and boutique fitness concepts seeking presence within a growing residential corridor. Strategically positioned along Old Cutler Road with convenient access to Florida’s Turnpike, the site is surrounded by established neighborhoods and continues to benefit from steady population growth and limited new retail supply in the immediate trade area. The center offers strong visibility, accessible parking, and a layout designed to support daily-needs retail. This is one of the only new construction retail opportunities in the Cutler Bay submarket, offering tenants the ability to establish long-term positioning in a stable, underserved location.
- Banking
- Corner Lot
- Dedicated Turn Lane
- Signage
- Car Charging Station
- Air Conditioning
Nearby Major Retailers
Presented by
Dragonfly Shops at Cutler Bay | 21500 Old Cutler Rd
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