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21215 Biscayne Blvd
21215 Biscayne Blvd, Aventura, FL 33180
Listing Price: $7,500,000
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present for sale 21215 Biscayne Boulevard (the “Property”), a ±6,650 square-foot, three-tenant retail asset located in the heart of Aventura, one of South Florida’s most affluent and high-growth markets. Situated on an ±1.00-acre parcel, the property features in-place income with a diverse mix of national and regional tenants with triple-net (NNN) leases. The leases for The Original Pancake House (OPH) and Morelia Ice Cream Paletas feature annual rental increases tied to the Consumer Price Index (CPI), with a minimum 2% annual escalation, while Jimmy John’s has a fixed rate increase, offering both stability and future upside. Both The Original Pancake House and Jimmy John’s rents are over 30% below market, offering investors the opportunity capture upside by marking-to-market rents upon lease expiration.
This high-visibility Property is strategically located on Biscayne Boulevard (US-1) and NE 213th Street offering unparalleled frontage and exposure to over 50,000 vehicles per day. The Property benefits from being an outparcel to Aventura Commons, a ±267,000 square-foot retail center anchored by Whole Foods, Target, Best Buy, PetSmart, and Ulta Beauty. Located across the street from Aventura Hospital & Medical Center and situated between Aventura Mall, one of the top-grossing shopping destinations in the U.S., and Gulfstream Park, the Property benefits from significant foot traffic, strong demographics, and excellent accessibility.
Surrounded by luxury residential developments, Class A office towers, and world-class amenities, the Property is uniquely positioned to capitalize on Aventura’s continued population and income growth. 21215 Biscayne Boulevard offers investors the unique opportunity to acquire a premium retail asset in Aventura, one of South Florida’s premier submarkets.
21215 Biscayne Blvd
Investment Highlights
- High-Visibility Location – Strategically positioned along Biscayne Boulevard (US-1) with direct frontage to over 50,000 vehicles per day, offering exceptional visibility.
- Robust Surround Demographics – Surrounded by dense residential neighborhoods, luxury high-rises, and Class A office buildings support long-term tenant demand.
- Proximity to Major Destinations – Ideally positioned between Aventura Mall and Gulfstream Park.
- Excellent Connectivity – Located 1.4 miles from the Aventura Brightline Station and 1.6 miles from Interstate 95 (I-95), the property offers convenient access to South Florida's major transportation corridors, enhancing accessibility for tenants and customers.
Exclusively Listed By
Listing Price: $7,500,000
Investment Highlights
- High-Visibility Location – Strategically positioned along Biscayne Boulevard (US-1) with direct frontage to over 50,000 vehicles per day, offering exceptional visibility.
- Robust Surround Demographics – Surrounded by dense residential neighborhoods, luxury high-rises, and Class A office buildings support long-term tenant demand.
- Proximity to Major Destinations – Ideally positioned between Aventura Mall and Gulfstream Park.
- Excellent Connectivity – Located 1.4 miles from the Aventura Brightline Station and 1.6 miles from Interstate 95 (I-95), the property offers convenient access to South Florida's major transportation corridors, enhancing accessibility for tenants and customers.
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present for sale 21215 Biscayne Boulevard (the “Property”), a ±6,650 square-foot, three-tenant retail asset located in the heart of Aventura, one of South Florida’s most affluent and high-growth markets. Situated on an ±1.00-acre parcel, the property features in-place income with a diverse mix of national and regional tenants with triple-net (NNN) leases. The leases for The Original Pancake House (OPH) and Morelia Ice Cream Paletas feature annual rental increases tied to the Consumer Price Index (CPI), with a minimum 2% annual escalation, while Jimmy John’s has a fixed rate increase, offering both stability and future upside. Both The Original Pancake House and Jimmy John’s rents are over 30% below market, offering investors the opportunity capture upside by marking-to-market rents upon lease expiration. This high-visibility Property is strategically located on Biscayne Boulevard (US-1) and NE 213th Street offering unparalleled frontage and exposure to over 50,000 vehicles per day. The Property benefits from being an outparcel to Aventura Commons, a ±267,000 square-foot retail center anchored by Whole Foods, Target, Best Buy, PetSmart, and Ulta Beauty. Located across the street from Aventura Hospital & Medical Center and situated between Aventura Mall, one of the top-grossing shopping destinations in the U.S., and Gulfstream Park, the Property benefits from significant foot traffic, strong demographics, and excellent accessibility. Surrounded by luxury residential developments, Class A office towers, and world-class amenities, the Property is uniquely positioned to capitalize on Aventura’s continued population and income growth. 21215 Biscayne Boulevard offers investors the unique opportunity to acquire a premium retail asset in Aventura, one of South Florida’s premier submarkets.
Exclusively Listed By
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