Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 1221-1237 NW 119th Street, North Miami, FL, 33167. The property consists of a retail building with a gross leasable area of 6,816 square feet and lot size of 17,250 square feet. It is ideally configured with nine individual bays, which are currently fully occupied. All tenants have NNN leases with aggressive annual base rental increases. The property lies along the main corridor on NW 119th Street / Gratigny Rd with an average of 40 ,000 vehicles per day. It offers easy access to I 95, W.Dixie Hwy, I 75 and SR 826. The property presents a unique opportunity for an investor to acquirea value add opportunity in the heart of North Miami which can benefit from significant capital improvements. The surrounding area consists of an array of major national employers, universities, and family housing, with nearby developments soon to follow. The property is 2 miles from Miami Dade College North Campus with a total enrollment of over 50,000 students and 1.6 miles from Barry University with a total enrollment of over 8,000 students. Lennar at Westview, an upcoming community of over 400 townhomes and single family homes is 1.3 miles to the west.