GOULDS SHOPPING PLAZA FOR SALE ON US-1

20,355 SF | 100% Leased | Retail Building | Miami, FL 33170 | $7,900,000 ($388/SF) | 5.83% Cap Rate

Asking Price $7,900,000

Property Type: Retail
Square Feet: 20,355 SF
Price / Square Foot: $388

Listing Contacts

Marlen Cruz

Verified Profile

Property Info

Property Overview

Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area of Miami, Florida. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Restaurant Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.

Property Details

Class: C
Year Built: 1985
Stories: 1
Property Subtype: Storefront
Lot Size (sq. ft): 118,048 SF

Highlights

ON SIGNALED INTERSECTION
100% OCCUPIED
CHURCH'S CHICKEN OUTPARCEL RESTAURANT NATIONAL TENANT
39,000 DAILY TRAFFIC
253,685 POPULATION
5 SPACES PER 1,000 SF PARKING

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GOULDS SHOPPING PLAZA FOR SALE ON US-1

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11601 216Th St
Miami, FL 33170

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