Investment Overview

Marcus & Millichap is proud to present Little River Beauty Studio located at 8051 NE 2nd Ave. The building is one story and has two tenants each occupying 1,250 square feet. They have leases in place with options. The rent is below market by fifteen percent and does not include changing the lease to NNN as they expire. The area known as Little River is the last frontier on the North end of the City of Miami and has become one of the hottest areas in the city. The main east-west corridor is 79th street, just a block south of the property, which takes you from I-95 to the beach and NE 2nd Ave, where this building sits is the main north-south corridor. This area on NE 2nd Ave has seen several retail projects with the Citadel which is a food hall with office space and a rooftop deck. There have been three other buildings redeveloped into great retail shops for the area and there are soon to be several new apartment projects to become available. The location is also just south of Miami Shores downtown which has seen several new restaurants and proximity to Barry University. This area will see tremendous growth over the next several years making this the ideal time to invest in a retail asset that will see excellent rental growth.