Shopping Strip

West Flagler Hard Corner

Listing Price: $1,200,000

Cap Rate
5.44%
Gross SF
3,205
Rentable SF
3,205
Price/Gross SF
$374.41
Lot Size
0.16 acres
Year Built
1951

Investment Overview

Marcus & Millichap is pleased to present a single-tenant, Retail Strip Center located on the hard corner of 67th Avenue and West Flagler Street. This small bay retail property consists of 3,205 square feet of gross leasable area situated on a 6,997-square foot lot. Strategically located on the signalized corner of two main arteries, with traffic counts exceeding 60,000 vehicles per day. Originally constructed in 1951, the property is located less than a mile from the Miami International Airport with a close proximity to the Palmetto Expressway. This allows the property to draw from the dense population of over 185,000 people within a 3 mile radius. The current tenant has occupied the premise since 1997 demonstrating a strong track record of occupancy.

Investment Highlights

  • Historically Occupied by Tenant for Over 23 Years
  • Rent 20% Below Market
  • Signalized Hard Corner with over 60K Vehicles Per Day
  • Premium Location located on Two Principal Arteries
  • 40-Year Certification in Place
  • 10 Surface Spaces of On-Site Parking

Exclusively Listed By

Shopping Strip

West Flagler Hard Corner

Listing Price: $1,200,000

Cap Rate
5.44%
Gross SF
3,205
Rentable SF
3,205
Price/Gross SF
$374.41
Lot Size
0.16 acres
Year Built
1951

Investment Highlights

  • Historically Occupied by Tenant for Over 23 Years
  • Rent 20% Below Market
  • Signalized Hard Corner with over 60K Vehicles Per Day
  • Premium Location located on Two Principal Arteries
  • 40-Year Certification in Place
  • 10 Surface Spaces of On-Site Parking

Investment Overview

Marcus & Millichap is pleased to present a single-tenant, Retail Strip Center located on the hard corner of 67th Avenue and West Flagler Street. This small bay retail property consists of 3,205 square feet of gross leasable area situated on a 6,997-square foot lot. Strategically located on the signalized corner of two main arteries, with traffic counts exceeding 60,000 vehicles per day. Originally constructed in 1951, the property is located less than a mile from the Miami International Airport with a close proximity to the Palmetto Expressway. This allows the property to draw from the dense population of over 185,000 people within a 3 mile radius. The current tenant has occupied the premise since 1997 demonstrating a strong track record of occupancy.

Exclusively Listed By

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