Investment Overview

Marcus & Millichap is pleased to present the sale of Centro Canarias Plaza, located at 3553 W 76th St, Hialeah, FL 33018. The multi-tenant strip center consists of 12,145 SF of net leasable area sitting on a 43,560 SF lot. This property offers a rare opportunity to acquire a modern 2004 construction, a notable find in an area where most retail properties were built in the 1970s. The property features 8 fully leased bays, with several tenants occupying multiple units. This layout offers future flexibility for reconfiguration to enhance tenancy mix and rental income. Notably, 6 of the 8 tenants have been at the center for over 8 years, reflecting long-term stability and tenant satisfaction. The property also boasts ample parking, featuring 61 spaces and a generous ratio of 5 spaces per 1,000 SF. With an exceptional population density of over 28,000 people within a 1-mile radius, this location ensures long-term economic viability. Situated in a rapidly growing area of Hialeah, this offering presents a prime investment opportunity, It’s strategically positioned less than a mile from the Residences and Shoppes of High mixed-use development, a mixed-use development that includes a 190,000-square-foot Publix-anchored retail center and 244 residential apartments.