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Shopping Center Investment 4000 SW 57th Ave 15,192 SF 100% Leased Retail Building Miami, FL 33155 $16,000,000 ($1,053.19/SF) 4.91% Cap Rate
Investment Highlights
- 100% Leased Class “A” Multi-Tenant Retail Center – Fully Remodeled in 2023 – Located within the Desirable Coral Gables Submarket of Miami, FL
- Strategically Located – Property Sits Within the Heart of Both the Cities of Coral Gables & South Miami
- Coral Gables Retail Real Estate Advantage – Stable Retail Demand Driven by Office Employment, University of Miami, and Hospitality Activity
- Signalized Hard-Corner Location (70,000 VPD) – Affluent Population Base – Dense Infill Location Supports Both Daytime & Evening Retail Traffic
- 8 Miles from Downtown Miami – 7 Miles from Miami International Airport – 2 Miles from Metrorail Station Coral Gables
Executive Summary
This a rare opportunity to acquire a fully leased, Class A multi-tenant retail center located at 4000 Red Road in the highly sought-after Coral Gables submarket of Miami, Florida. The center is 100% occupied by a curated mix of seven tenants including Cala-Millor, SoFlo Dental, and Imago Art, all on NNN leases with annual rent increases and staggered expirations, providing a stable and predictable income stream.
Strategically positioned at the signalized hard corner of SW 40th Street (Bird Road) and SW 57th Avenue (Red Road), the property boasts visibility to over 70,000 vehicles per day. It benefits from proximity to major demand drivers such as the University of Miami (1 mile), the Coral Gables Metrorail Station (2 miles), Downtown Miami (8 miles), and Miami International Airport (7 miles). The trade area supports over 191,000 residents within a 3-mile radius, with an affluent population averaging $221,000 in household income within one mile. Coral Gables’ strict zoning and architectural standards limit future retail supply, supporting long-term tenant retention and rental growth.
Strategically positioned at the signalized hard corner of SW 40th Street (Bird Road) and SW 57th Avenue (Red Road), the property boasts visibility to over 70,000 vehicles per day. It benefits from proximity to major demand drivers such as the University of Miami (1 mile), the Coral Gables Metrorail Station (2 miles), Downtown Miami (8 miles), and Miami International Airport (7 miles). The trade area supports over 191,000 residents within a 3-mile radius, with an affluent population averaging $221,000 in household income within one mile. Coral Gables’ strict zoning and architectural standards limit future retail supply, supporting long-term tenant retention and rental growth.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
15,192 SF
Building Class
B
Year Built/Renovated
1946/2023
Price
$16,000,000
Price Per SF
$1,053.19
Cap Rate
4.91%
NOI
$785,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.51 AC
Zoning
6700 - General Retail
Parking
51 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-4024-006-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,885,000 |
Property Taxes
Parcel Number
09-4024-006-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,885,000
Contacts
-
Jonathan Selznick -
Ryan Bennett -
Lee & Associates Commercial Real Estate Services
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Shopping Center Investment | 4000 SW 57th Ave
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