For Sale
$5,650,000

3939 7Th StMiami, FL 33126

16-Tenant Retail Center, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-story, 13,000-square-foot shopping center in Miami, Florida. Boasting 100% occupancy with 16 tenants, the property generates a substantial net operating income (NOI) of $320,608, resulting in a compelling 5.67% capitalization rate. Located on NW 7th Street, this prime location benefits from high visibility and traffic, exceeding 28,500 vehicles daily. The 1986-built structure sits on a 19,821-square-foot lot and offers 33 parking spaces. With a total building area of 13,465 square feet, the asking price is $5,650,000, translating to $419.61 per square foot. The property is zoned T6-8 O/Commercial/Mix Use, providing flexibility for future development. Its strategic location offers convenient access to Miami International Airport and the upcoming Inter Miami Soccer Stadium, ensuring strong long-term growth potential. This net-leased investment presents a rare opportunity to acquire a well-performing, multi-tenant retail center in a thriving Miami market. The property features excellent frontage of 146 feet on NW 7th Street.

Highlights

  • High-traffic location on NW 7th Street in Miami, exceeding 28,500 vehicles daily.
  • Prime Miami location with convenient access to Miami International Airport and the new Inter Miami CF Stadium.
  • 13,465 SF shopping center with 100% occupancy and 16 tenants, generating a $320,068 NOI and a 5.67% cap rate.

Property Details for 3939 7Th St

Property type
Lifestyle centers, Power centers
Square Feet
13,465 SF
Year Built
1986
Buildings
1
Stories
2
Units
16

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7789629
Longitude
-80.2605842
3939 7Th St, Miami, Florida

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3939 7Th St
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