Property description of Retail

A 100% occupied retail strip center in miami’s little havana / shenandoah corridor. The 8,299 sf retail building sits on a 12,573 sf lot with 118 feet of frontage on sw 17th avenue. An adjacent 1,053 sf house at 1700 sw 11th terrace is included on a separate 6,732 sf lot, valued at $550,000, with the retail component priced at a 5. 0% cap rate on noi. Combined, the parcels total 19,304 sf of land. Four established tenants — a grocery store, laundromat, bakery, and salon — generate $158,400 in gross scheduled income with an estimated net operating income (noi) of approximately $113,549. All retail leases include built-in $100/year annual rent increases, and the weighted average lease term exceeds 75 months. Operating expenses are minimal at ~$36,931/year, with tenants responsible for their own utilities and no hoa or condo fees. The offering includes wine & beer and lottery licenses, equipment, machinery, and inventory. The property benefits from a prime sw 17th avenue location in the established little havana neighborhood with direct proximity to downtown miami, brickell, and coral gables. Over 45,000 residents live within a one-mile radius, supporting consistent retail demand and foot traffic. This turnkey investment offers stable in-place income, contractual rent growth, low operating expenses, and continued upside in one of miami’s most dynamic commercial corridors.

Property Features