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1800 N Bayshore Dr - Miami Strong Gym- NNN Lease 6,950 SF Retail Condo Unit Offered at $5,460,875 CAD in Miami, FL 33132
INVESTMENT HIGHLIGHTS
- Established Fitness Tenant: 10+ Years at Site | Highly Rated, Locally Recognized Fitness Operator
- Modern Commercial Condo: Approx. 9,650 SF Including a 1,180 SF Terrace w/ Exclusive Use Rights Overlooking Bay
- Qualifies For 100% Bonus Depreciation: Contact Listing Agent for Estimate of Saving
- Absolute Net Lease: Zero Landlord Responsibilities
- Densely Populated Area: Over 46,000 People Within 1 MI | AHHI of $95,000+ | Walking distance to Publix, Wynwood, and Downtown Miami
- 3% Annual Rent Increases: Hedge Against Inflation & Steady Income Growth
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 804,009 SF | Floors | 42 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 650 SF |
| Property Subtype | Year Built | 2007 | |
| Building Class | B | Lot Size | 1.39 AC |
| Zoning | SD-6 | ||
| Total Building Size | 804,009 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 42 |
| Typical Floor Size | 650 SF |
| Year Built | 2007 |
| Lot Size | 1.39 AC |
| Zoning | SD-6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Views
- Deck
SITE AMENITIES
- Controlled Access
- Clubhouse
- Concierge
- Fitness Center
- Pool
- Property Manager on Site
- Spa
- Waterfront
- Cabana
- Media Center/Movie Theatre
- On-Site Retail
- Package Service
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Elevator
- Lounge
- Multi Use Room
1 UNIT AVAILABLE
Unit Ground
| Unit Size | 6,950 SF | Sale Type | Investment |
| Price | $5,460,875 CAD | Cap Rate | 6.96% |
| Price Per SF | $785.74 CAD | NOI | $380,187.51 CAD |
| Condo Use | Retail | APN/Parcel ID | 01-3231-003-0555 |
| Unit Size | 6,950 SF |
| Price | $5,460,875 CAD |
| Price Per SF | $785.74 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| NOI | $380,187.51 CAD |
| APN/Parcel ID | 01-3231-003-0555 |
DESCRIPTION
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Miami Strong Gym as tenant, a premier retail condominium investment located at 1800 N Bayshore Drive in Miami’s Edgewater neighborhood. The property occupies a prominent ground-floor position within The 1800 Club, a 42-story, 469-unit luxury condominium tower overlooking Margaret Pace Park and Biscayne Bay. This offering represents a rare opportunity to own a stabilized, income-producing retail asset in one of Miami’s most rapidly developing mixed-use corridors.
The subject property comprises approximately 9,650 total square feet, including 7,742 SF under air, a 728 SF balcony, and a 1,180 SF terrace, both of which offer exclusive use rights and unobstructed views of the bay and park below. The space features high ceilings, modern finishes, and direct frontage along N Bayshore Drive, providing excellent visibility and foot traffic from residents of the 1800 Club and surrounding towers.
The property is leased to Miami Strong Gym, a well-established and rapidly growing fitness brand that has become a cornerstone of the Edgewater community. The gym, with its 10+ year operating history, offers a full suite of strength training, functional fitness, and group class programs and is known for its professional coaching and community-driven culture. With an expanding membership base and consistent operating performance, Miami Strong Gym provides investors with stable, predictable income secured by a proven local operator.
The lease structure is an Absolute Triple Net (NNN), providing investors with a truly passive investment and zero landlord responsibilities. Miami Strong’s long-term tenancy further strengthens the asset’s stability and value through its established brand presence, consistent performance, and alignment with the area’s affluent and rapidly expanding demographic base.
SALE NOTES
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Miami Strong Gym as tenant, a premier retail condominium investment located at 1800 N Bayshore Drive in Miami’s Edgewater neighborhood. The property occupies a prominent ground-floor position within The 1800 Club, a 42-story, 469-unit luxury condominium tower overlooking Margaret Pace Park and Biscayne Bay. This offering represents a rare opportunity to own a stabilized, income-producing retail asset in one of Miami’s most rapidly developing mixed-use corridors.
The subject property comprises approximately 9,650 total square feet, including 7,742 SF under air, a 728 SF balcony, and a 1,180 SF terrace, both of which offer exclusive use rights and unobstructed views of the bay and park below. The space features high ceilings, modern finishes, and direct frontage along N Bayshore Drive, providing excellent visibility and foot traffic from residents of the 1800 Club and surrounding towers.
The property is leased to Miami Strong Gym, a well-established and rapidly growing fitness brand that has become a cornerstone of the Edgewater community. The gym, with its 10+ year operating history, offers a full suite of strength training, functional fitness, and group class programs and is known for its professional coaching and community-driven culture. With an expanding membership base and consistent operating performance, Miami Strong Gym provides investors with stable, predictable income secured by a proven local operator.
The lease structure is an Absolute Triple Net (NNN), providing investors with a truly passive investment and zero landlord responsibilities. Miami Strong’s long-term tenancy further strengthens the asset’s stability and value through its established brand presence, consistent performance, and alignment with the area’s affluent and rapidly expanding demographic base.
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1800 N Bayshore Dr - Miami Strong Gym- NNN Lease
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