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8868 SW 40th St

4,339 SF Retail Building Miami, FL 33165 £3,475,035 (£801/SF) 7.15% Net Initial Yield

Investment Highlights

  • TROPHY ASSET – Strategically located in the heart of Miami, fronting Bird Road (76,000 vehicles per day), this premier destination is ideal
  • ABSOLUTE NNN LEASE – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor
  • ATTRACTIVE RENTAL INCREASES – Property includes a 10% rent increase in June 2027 and in all extension options
  • LONG-TERM LEASE – New 10-year lease in place, with the tenant beginning operations in October 2024
  • RECENT RENOVATION – Prior to opening for business on October 23, 2024, the Tenant invested approximately $2 million into the property
  • STICKY TENANT – Cannabis dispensary tenants are less likely to relocate due to restrictive zoning regulations that limit where they can operate

Executive Summary

Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,339 SF
Building Class
C
Year Built
1958
Price
£3,475,035
Price Per SF
£801
Net Initial Yield
7.15%
NOI
£248,465
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Lot Size
0.43 AC
Zoning
BU-3 - Zoned BU-3 offers uses that include retail or commercial including Medical uses.
Parking
25 Spaces (5.76 Spaces per 1,000 SF Leased)
Frontage
170 ft on Bird Road

Amenities

  • Pylon Sign
  • Signage

Links

1 of 1
Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Truist
Citi
Sedano's
Regions Bank
Blimpie
Jpmorgan Chase & And Co
Presidente Supermarket
BankUnited
LA Fitness
First American Bank

PROPERTY TAXES

Parcel Number 30-4021-000-0171 Improvements Assessment £1,790
Land Assessment £1,427,672 Total Assessment £1,429,462

PROPERTY TAXES

Parcel Number
30-4021-000-0171
Land Assessment
£1,427,672
Improvements Assessment
£1,790
Total Assessment
£1,429,462
(305) 905-3215

Contact

  • Listing ID: 34399988

  • Date on Market: 07/01/2025

  • Last Updated:

  • Address: 8868 SW 40th St, Miami, FL 33165

The Retail Property at 8868 SW 40th St, Miami, FL 33165 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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8868 SW 40th St
(305) 905-3215 x

8868 SW 40th St

Alexander Machado

(305) 905-3215

(305) 905-3215

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