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3465 NW 183 St 8,320 SF Retail Building Miami Gardens, FL 33056 $3,550,000 ($426.68/SF) 5.15% Cap Rate
Investment Highlights
- Newly Extended Lease Through June 30, 2037
- Early Renewal Exercised Approximately Six Years Ahead of Schedule
- Significant Underlying Land and Replacement-Cost Value
- Approximately 11 Years of Remaining Lease Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- Rare South Florida Corporate NNN Investment
Executive Summary
Family Dollar | Absolute NNN Investment | Miami Gardens, FL
Rare opportunity to acquire a corporate-guaranteed Family Dollar located at 3465 NW 183rd Street in Miami Gardens. Family Dollar recently exercised an early renewal approximately six years ahead of schedule, extending the lease through June 30, 2037. The lease now provides approximately 11 years of remaining term, with a rent increase scheduled for July 1, 2027 and increases every five years thereafter.
The absolute NNN lease requires no landlord maintenance or operating responsibilities. The property benefits from a dense, established infill location with strong visibility along NW 183rd Street, convenient access to US-441 and Florida’s Turnpike, and significant underlying land and replacement-cost value.
Rare opportunity to acquire a corporate-guaranteed Family Dollar located at 3465 NW 183rd Street in Miami Gardens. Family Dollar recently exercised an early renewal approximately six years ahead of schedule, extending the lease through June 30, 2037. The lease now provides approximately 11 years of remaining term, with a rent increase scheduled for July 1, 2027 and increases every five years thereafter.
The absolute NNN lease requires no landlord maintenance or operating responsibilities. The property benefits from a dense, established infill location with strong visibility along NW 183rd Street, convenient access to US-441 and Florida’s Turnpike, and significant underlying land and replacement-cost value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2015
Price
$3,550,000
Price Per SF
$426.68
Cap Rate
5.15%
NOI
$182,748
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
NC
Parking
33 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
223’ on Northwest 183rd Street
Amenities
- Bus Line
- Corner Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-2104-050-0030 | Improvements Assessment | $982,475 |
| Land Assessment | $1,117,525 | Total Assessment | $2,100,000 |
Property Taxes
Parcel Number
34-2104-050-0030
Land Assessment
$1,117,525
Improvements Assessment
$982,475
Total Assessment
$2,100,000
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