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Value-Add Shopping Center 5931-5969 NW 2nd Ave 4,532 SF 100% Leased Retail Building Miami, FL 33127 $2,400,000 ($529.57/SF)
INVESTMENT HIGHLIGHTS
- Value-add shopping center + Strategic location
- One lease has 3 years remaining, the rest of the leases are month-to-month
- If the units are all rented at $2500/month + NNN, the property would yield a 7% cap rate at asking price
- Fully leased to tenants paying below market rates
- 6 units, 4 tenants – Two tenants are occupying two units – All units are approx. 700 SF
EXECUTIVE SUMMARY
The property is surrounded by highly successful retail businesses including Panther Coffee and Sur.
It also has development rights for up to 5 stories and a variety of uses.
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Unit 5862-5965 INDOOR SPACE: 1,400 SF ASKING RATE: $5,000/month + NNN expenses CURRENT USE: Retail ALLOWED USES: Retail, Food & Beverage, Convenience Store
Unit 5935 INDOOR SPACE: 700 SF ASKING RATE: $2,500/month + NNN expenses CURRENT USE: Retail ALLOWED USES: Retail & Office
Unit 5967 INDOOR SPACE: 700 SF ASKING RATE: $2,500/month + NNN expenses CURRENT USE: Retail ALLOWED USES: Retail & Office
| Space | Size | Space Use | Position | Available |
| Unit 5862-5965 | 1,400 SF | Retail | - | Now |
| Unit 5935 | 700 SF | Retail | - | Now |
| Unit 5967 | 700 SF | Retail | - | Now |
Unit 5862-5965
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Unit 5935
| Size |
| 700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Unit 5967
| Size |
| 700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Unit 5862-5965
| Size | 1,400 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Unit 5862-5965 INDOOR SPACE: 1,400 SF ASKING RATE: $5,000/month + NNN expenses CURRENT USE: Retail ALLOWED USES: Retail, Food & Beverage, Convenience Store
Unit 5935
| Size | 700 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Unit 5935 INDOOR SPACE: 700 SF ASKING RATE: $2,500/month + NNN expenses CURRENT USE: Retail ALLOWED USES: Retail & Office
Unit 5967
| Size | 700 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Unit 5967 INDOOR SPACE: 700 SF ASKING RATE: $2,500/month + NNN expenses CURRENT USE: Retail ALLOWED USES: Retail & Office
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-3113-063-0420 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $692,671 |
PROPERTY TAXES
Presented by
Value-Add Shopping Center | 5931-5969 NW 2nd Ave
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