5655 NW 195th Dr
Miami Gardens, FL 33055
Miami Gardens Retail Strip · Retail Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized multi-tenant
retail asset located at 5655 Northwest 195th Drive in Miami Gardens, FL. O?ered at $1,400,000, this
8,968-square-foot building sits on a 23,096-square-foot parcel and provides a 6.51 percent
capitalization rate based on a current Net Operating Income of $91,178.
Constructed in 1986, the subject property features a highly functional layout demised into 11
physical bays. The facility is currently con?gured to accommodate eight distinct retail tenants,
maximizing the 7,821 square feet of net leasable area. The site provides 24 surface parking spaces,
equating to a ratio of 2.68 spaces per 1,000 square feet, and bene?ts from its BU-2 zoning
classi?cation.
Strategically positioned within the thriving Miami Gardens submarket, the asset bene?ts from strong
local demographics and robust daily tra?c counts. The surrounding trade area exhibits a high demand
for neighborhood retail services, which creates a highly competitive leasing environment. This
advantageous market positioning ensures a captive consumer base and provides a durable competitive
edge, catering perfectly to the localized retail needs of the rapidly growing community.
The ?nancial structure is currently based on gross leases, generating an annual rental income of
$144,000. At a pricing of $179.01 per net leasable square foot, the asset presents a compelling
investment basis well below replacement cost. Furthermore, the property's established presence
within a dense commercial corridor o?ers a clear pathway to capture future market rent growth,
securing the asset's long-term value as a premier South Florida retail investment.