Investment Overview

Marcus & Millichap is pleased to exclusively present for sale this absolute net-leased TD Bank located at 6601 S Dixie Highway in Miami, Florida. Positioned along the highly trafficked U.S. Highway 1 corridor, the property benefits from excellent visibility, exceptional access, and is located just minutes from Downtown Miami. The subject property features a 3,500-squarefoot freestanding building with multiple drive-thru lanes and is situated on a 0.60-acre parcel with ample dedicated parking. Strategically located at the hard signalized intersection of SW 67th Street and U.S. Highway 1, the property enjoys strong exposure to over 88,569 vehicles per day along one of the region’s most vital commercial corridors. U.S. 1 runs the length of the state and is characterized by a diverse mix of national and regional retailers, robust consumer traffic, and proximity to a dense collection of residential neighborhoods. The TD Bank is situated within a dense and affluent market, with over 100,000 full-time residents within a three-mile radius and an average household income exceeding $150,000. It also sits in one of Miami-Dade’s most dynamic and high-performing retail corridors. Just steps away is the Dadeland North Metrorail Station, which serves more than 1.5 million riders annually and enhances both pedestrian and commuter traffic. The property is also directly adjacent to Dadeland Station, a prominent power center anchored by Best Buy, Target, Michaels, and other national retailers, positioning the asset within a well-established and heavily visited retail destination. Less than a mile south lies Dadeland Mall, one of South Florida’s premier regional malls with over 1.4 million square feet of retail space and millions of annual visitors. The surrounding area is densely developed with a strong mix of residential and commercial uses. Notable nearby multifamily communities include The Palmer Dadeland, AMLI Joya, AMLI Dadeland, Colonnade at Dadeland, Granada Dadeland, and others—collectively delivering more than 2,000 residential units within walking distance. The site is also in close proximity to South Miami Hospital, a full-service Baptist Health facility with over 230 beds. Additionally, the property offers convenient access to multiple major highway systems, including the Palmetto Expressway (SR 826), U.S. Highway 1 (South Dixie Highway), and Snapper Creek Expressway (SR 878), providing outstanding regional connectivity. The area will also benefit from the planned redevelopment of Sunset Place into a large-scale, mixeduse project featuring residential, hotel, and retail components. This confluence of density, national tenancy, transit and highway access, and future development makes the South Dixie/ US-1 corridor one of the most resilient and desirable retail submarkets in South Florida. TD Bank entered into a brand-new 20-year absolute net ground lease in 2013, with the initial term extending through October 31, 2033. The lease includes four five-year renewal options and features 10% rental increases every five years throughout the base and option periods. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities and is corporately guaranteed by TD Bank, one of the largest financial institutions in North America.