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Starbucks 1780 NW 117th Pl 2,500 SF Retail Building Miami, FL 33182 $6,108,830 CAD ($2,443.53 CAD/SF) 5.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Adjacent to Miami’s Largest Mall
  • Prime Out-parcel Within the Shops at Beacon Lakes
  • Strong Fundamentals - Infill Trade Area
  • New Super Store Prototype
  • Corporate Guaranteed Lease
  • Clear of Existing Debt

EXECUTIVE SUMMARY

NAI Capital, Inc. presents a prime opportunity to acquire a fee-simple interest in a Starbucks at Shops at Beacon Lakes, Doral, FL.
This new location, opened on August 11, 2023, is secured by a 10-year NN lease. Located in a high-traffic area with over 2,600 trade and logistics companies nearby, including IKEA and Top Golf, the property benefits from its proximity to the Brightline train station, connecting Miami-Dade, Broward, and Palm Beach Counties.
Situated in a busy retail corridor near Northwest 117th Place and Northwest 20th Street, the asset boasts strong demographics with an average household income exceeding $85,000 and over 95,000 homes within a 5-mile radius. It’s across from Dolphin Mall, attracting over 11 million visitors annually, and close to the University of Miami and Florida International University.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Building Class
B
Year Built
2023
Price
$6,108,830 CAD
Price Per SF
$2,443.53 CAD
Cap Rate
5.05%
NOI
$308,496 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.20 AC
Zoning
6600 - Commercial

AMENITIES

  • Drive Thru

NEARBY MAJOR RETAILERS

Starbucks
Chili's Grill & Bar
BurgerFi
Crunch Fitness
P.f. Chang's
Cheesecake Factory
Buffalo Wild Wings
Johnny Rockets
Texas de Brazil

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-3936-009-0020
Land Assessment
$934,599 CAD
Improvements Assessment
$778,610 CAD
Total Assessment
$1,713,209 CAD
  • Listing ID: 33272299

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 1780 NW 117th Pl, Miami, FL 33182

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