GOULDS SHOPPING PLAZA FOR SALE ON US-1 | 11601 SW 216th St
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GOULDS SHOPPING PLAZA FOR SALE ON US-1 11601 SW 216th St
20,355 SF 100% Leased Retail Building Miami, FL 33170 £6,188,070 (£304/SF) 5.83% Net Initial Yield
Investment Highlights
- ON SIGNALED INTERSECTION
- CHURCH'S CHICKEN OUTPARCEL RESTAURANT NATIONAL TENANT
- 253,685 POPULATION
- 100% OCCUPIED
- 39,000 DAILY TRAFFIC
- 5 SPACES PER 1,000 SF PARKING
Executive Summary
Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area of Miami, Florida. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Restaurant Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease Sold
Property Type
Retail
Property Subtype
Storefront
Building Size
20,355 SF
Building Class
C
Year Built
1985
Price
£6,188,070
Price Per SF
£304
Net Initial Yield
5.83%
NOI
£360,731
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Lot Size
2.71 AC
Zoning
BU-1A - Limited Business
Parking
100 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalised Intersection
- Drive Thru
- Monument Signage
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 30-6007-000-0250 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,977,597 |
PROPERTY TAXES
Parcel Number
30-6007-000-0250
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,977,597
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Presented by
Cruz Commercial Realty, Llc.
GOULDS SHOPPING PLAZA FOR SALE ON US-1 | 11601 SW 216th St
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