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9711 SW 77th Ave 3,481 SF Retail Building Miami, FL 33156 $3,228,348 ($927.42/SF) 7.75% Cap Rate
Investment Highlights
- ATTRACTIVE RENT INCREASES
- STRONG CORPORATE GUARANTEE
- PRIME RETAIL LOCATION
- LOCAL GROWTH & DEVELOPMENT
Executive Summary
Marketing description
Vero Capital Group is pleased to present the exclusive sale of a fee-simple corporate-guaranteed, single-tenant NNN property occupied by MÜV Dispensary. With over five years remaining on the initial lease term through April 2032 and 3% annual rent increases built into the lease throughout the base term and all option periods, this investment delivers predictable, growing income with a clear long-term runway.
Located at the intersection of SW 77th Avenue and the Palmetto Expressway in Miami's affluent Kendall/Pinecrest submarket, this MÜV dispensary sits within one of South Florida's most productive retail corridors. The site benefits from over 198,000 combined vehicles per day at the immediate interchange and draws from a dense, high-income consumer base of more than 285,000 residents within five miles — including the Pinecrest community, which ranks among the top 20 wealthiest municipalities in the United States. Anchored to the north by Dadeland Mall and Dadeland Station, and flanked by top-performing grocers, national retailers, and a 948-bed regional hospital, the trade area generates consistent, high-volume foot traffic that supports strong dispensary performance year-round.
Vero Capital Group is pleased to present the exclusive sale of a fee-simple corporate-guaranteed, single-tenant NNN property occupied by MÜV Dispensary. With over five years remaining on the initial lease term through April 2032 and 3% annual rent increases built into the lease throughout the base term and all option periods, this investment delivers predictable, growing income with a clear long-term runway.
Located at the intersection of SW 77th Avenue and the Palmetto Expressway in Miami's affluent Kendall/Pinecrest submarket, this MÜV dispensary sits within one of South Florida's most productive retail corridors. The site benefits from over 198,000 combined vehicles per day at the immediate interchange and draws from a dense, high-income consumer base of more than 285,000 residents within five miles — including the Pinecrest community, which ranks among the top 20 wealthiest municipalities in the United States. Anchored to the north by Dadeland Mall and Dadeland Station, and flanked by top-performing grocers, national retailers, and a 948-bed regional hospital, the trade area generates consistent, high-volume foot traffic that supports strong dispensary performance year-round.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,481 SF
Building Class
B
Year Built/Renovated
1971/2022
Price
$3,228,348
Price Per SF
$927.42
Cap Rate
7.75%
NOI
$250,197
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.22 AC
Zoning
BU-1 - Community Business District
Parking
15 Spaces (4.31 Spaces per 1,000 SF Leased)
Frontage
63’ on SW 77th Ave
Amenities
- 24 Hour Access
- Fenced Lot
- Freeway Visibility
- Pylon Sign
- Security System
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-5002-034-0020 | Improvements Assessment | $1,000 |
| Land Assessment | $940,100 | Total Assessment | $941,100 |
Property Taxes
Parcel Number
30-5002-034-0020
Land Assessment
$940,100
Improvements Assessment
$1,000
Total Assessment
$941,100
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