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Shopping Strip

Five Guys Plaza

1500 Washington Ave, Miami Beach, FL 33139

Listing Price: $10,200,000

Cap Rate
5.03%
Gross SF
7,171
Rentable SF
7,171
Price/Gross SF
$1,422.40
Lot Size
0.19 acres
Year Built
1948

Investment Overview

Marcus & Millichap is proud to exclusively market for sale Five Guys Plaza, a 7,116 square foot multi-tenant strip center located on the hard-Northwest corner of 15th street and Washington Avenue in the heart of world-famous Miami Beach, Florida. Anchored by corporate guaranteed Five Guys Burgers, a national tenant with over 1,500 locations, this trophy strip center has four additional small bays, three of which are fully occupied by successful local food concepts that are ideally located on busy Washington Avenue. The property sits on 8,100 square feet of land and has excellent visibility and frontage on the signalized corner. In addition, there is 5,000 square feet of undeveloped area that can be added to the property.

Investment Highlights

  • Five Guys Burgers, Taco Rico & Siracha House Have All Extended Their Leases for Additional Five-Year Term
  • Five Guys Invested $625,000 Into Their Space in 2018
  • Over 5,000 SF of Additional Buildable Square Footage

Exclusively Listed By

Financing By

Shopping Strip

Five Guys Plaza

Listing Price: $10,200,000

Cap Rate
5.03%
Gross SF
7,171
Rentable SF
7,171
Price/Gross SF
$1,422.40
Lot Size
0.19 acres
Year Built
1948

Investment Highlights

  • Five Guys Burgers, Taco Rico & Siracha House Have All Extended Their Leases for Additional Five-Year Term
  • Five Guys Invested $625,000 Into Their Space in 2018
  • Over 5,000 SF of Additional Buildable Square Footage

Investment Overview

Marcus & Millichap is proud to exclusively market for sale Five Guys Plaza, a 7,116 square foot multi-tenant strip center located on the hard-Northwest corner of 15th street and Washington Avenue in the heart of world-famous Miami Beach, Florida. Anchored by corporate guaranteed Five Guys Burgers, a national tenant with over 1,500 locations, this trophy strip center has four additional small bays, three of which are fully occupied by successful local food concepts that are ideally located on busy Washington Avenue. The property sits on 8,100 square feet of land and has excellent visibility and frontage on the signalized corner. In addition, there is 5,000 square feet of undeveloped area that can be added to the property.

Exclusively Listed By

Financing By

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