12985-12997 W Dixie Hwy 5 257 pi² 100% Loué Commerce de détail Immeuble North Miami, FL 33161 2 897 559 $ CAD (551,18 $ CAD/pi²) 5,89% Taux de capitalisation

100% Occupied Retail Strip | Strong In-Place Income | Rental Upside | Ideal for 1031 Exchange
Exceptional opportunity to acquire a fully leased neighborhood retail center along the high-traffic W Dixie Highway corridor in North Miami, offering strong visibility, consistent tenant demand, and long-term investment stability.
Offered at $2,100,000, the property delivers stable in-place income with immediate upside through below-market rents. All seven units are leased to established, service-oriented tenants, providing reliable cash flow with a clear path to increased Net Operating Income (NOI) as leases roll through 2028
The asset consists of approximately ±5,900 SF of rentable space situated on a 7,742 SF corner lot. Constructed of durable concrete block, the property has been well maintained, including a recently updated roof and individual HVAC systems for each unit.
Zoning allows for a variety of neighborhood commercial uses, including retail, personal services, medical, office, and food & beverage (subject to tenant-specific buildout), supporting long-term tenant demand and flexibility.
Located within a dense residential corridor with strong traffic exposure, the property benefits from consistent local consumer activity and accessibility to surrounding neighborhoods.
Investment Highlights:
• 100% Occupied Multi-Tenant Retail Center
• NOI: $123,600 | Cap Rate: ~5.9%
• Below-Market Rents ? Immediate Upside Potential
• Leases Rolling Through 2028 (Built-In NOI Growth)
• High-Visibility Location on W Dixie Highway
• Strong Service-Oriented Tenant Mix
• Recently Updated Roof | Individual HVAC Systems
• Zoning Supports Retail, Medical, Office & Food Uses
• No Immediate Capital Expenditures Required
In-place rents remain below market, offering investors immediate mark-to-market potential without the need for significant capital improvements.
Ideal for investors or 1031 exchange buyers seeking a low-management, income-producing asset with built-in rental growth and long-term appreciation potential.
All information is deemed reliable but not guaranteed. Buyer to independently verify all property details.