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16000 NW 57th Avenue - Red Palmetto Shoppes - Red Palmetto Shoppes, Miami Lakes, FL

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DetailMap
16000 NW 57th Avenue - Red Palmetto Shoppes - Red Palmetto Shoppes

SW Red Road and NW 163rd
Miami Lakes, FL 33014-6700 - Miami Lakes Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2008
Building Size:59,925 SF Land Area:7.05 AC (307,098 SF)
Smallest Space:2,154 SF Largest Space:2,154 SF Total Space Avail:2,154 SF Rent/SF/Yr:
$28.00
Parking:329 Surface spaces are available; Ratio of 5.5/1,000 SF
Features:Pylon Sign


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,154 SF
$28.00/SF/Yr
Vacant
5 yrs
Retail
 
10166530


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,154 SF
$28.00/SF/Yr
Vacant
5 yrs
Retail
Major Tenant: Office Depot, Chick Fila, TD Bank, Nutrition Smart

Area Tenants: Home Depot, Costco, Wal-Mart, Lowe's Office Max

Traffic Count: 58,000 AADT (2006) on Red Road
115,500 AADT (2006) on SR 826

Access: Traffic Signal installed at corner entrance to the Shopping Center. Additional right in/right out on Red Road

Sale Notes:
CBRE, Inc. is pleased to announce that it has been appointed exclusive advisor for the sale of the leasehold interest in Red Palmetto Shoppes, a 59,925 SF multi-tenant neighborhood shopping center located in the city of Miami Lakes in northwestern Miami-Dade County, approximately six miles west of the Golden Glades Interchange. The center is anchored by Office Depot and Nutrition S' Mart, and the Offering also includes both outparcels occupied by TD Bank and Chick-Fil-A. The property was built in 2008 and is subject to a long term ground lease that does not terminate until 2070.
The property is exceptionally well-located on heavily traveled Red Road/NW 57th Avenue (45,000 vehicles/day), just south of the interchange at the Palmetto Expressway, in a very high concentration of retail activity. The immediate trade area is a major retail destination, with national retailers including Home Depot, Lowe' s, Cobb Theaters, BJ' s Wholesale Club, Walmart, Costco, and Target, as well as numerous car dealers all located in close proximity to Red Palmetto Shoppes. The trade area encompasses the surrounding cities of Miami Lakes, Miami Gardens, Palm Springs North and Opa-Locka. Red Palmetto Shoppes is located in Miami Lakes, a popular family-oriented, densely populated, master-planned city. The property is also supported by a significant daytime workforce population that is derived from the very large office and industrial parks located in close proximity to the center.


Courtelis Company
Rod L Castan
(305) 261-4330 x470

James L Zaydon
(305) 261-4330 x474



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