Town Center 13700-13798 NE 11th Ave 16,448 SF 100% Leased Retail Building Miami, FL 33161 $6,281,640 CAD ($381.91 CAD/SF) 7.55% Cap Rate

Marcus & Millichap is proud to present for sale Town Center, a fully leased retail property located at 13700 NE 11th Avenue in North Miami, Florida. This 16,448-square-foot center comprises 20 suites, several of which have been combined to create larger tenant spaces, and is situated on a 0.58-acre parcel with 49 parking spaces. Built in 1988, the property features durable concrete block construction and offers a favorable parking ratio of 3:1,000 SF, making it highly functional for retail tenants.
The investment is anchored by a stable income stream, with all leases structured as triple net (NNN), allowing for minimal landlord responsibilities and predictable cash flow. The property’s current occupancy is 100%, and existing leases include scheduled rent escalations, supporting consistent income growth over the hold period.
Town Center’s prime location near major corridors like West Dixie Highway positions it to capture both local and commuter traffic, while the diverse tenant mix aligns with evolving retail trends in North Miami. For investors seeking a stable, management-light asset in a high-growth market, Town Center represents an exceptional opportunity to secure reliable income and long-term appreciation potential in one of South Florida’s most dynamic retail corridors.