13700-13798 NE 11th Ave - Freestanding FOR SALE


Miami, FL 33161
$4,500,000 USD
305-345-7776
13700-13798 NE 11th Ave, Miami, FL for Sale
$4,500,000 USD
Freestanding - FOR SALE
1/6
null | 7.55% Cap Rate

13700-13798 NE 11th Ave
Miami, FL 33161


HIGHLIGHTS

  • 100% Leased A Cross 20 Retail Suites
  • All Tenants are NNN, Minimizing Landlord Expenses
  • Diverse Tenant Mix
  • Prime Location – Situated off W Dixie Highway
  • Miami-Dade Retail Vacancy Projected to Fall to 2.7%

OVERVIEW

Marcus & Millichap is proud to present for sale Town Center, a fully leased retail property located at 13700 NE 11th Avenue in North Miami, Florida. This 16,448-square-foot center comprises 20 suites, several of which have been combined to create larger tenant spaces, and is situated on a 0.58-acre parcel with 49 parking spaces. Built in 1988, the property features durable concrete block construction and offers a favorable parking ratio of 3:1,000 SF, making it highly functional for retail tenants. The investment is anchored by a stable income stream, with all leases structured as triple net (NNN), allowing for minimal landlord responsibilities and predictable cash flow. The property’s current occupancy is 100%, and existing leases include scheduled rent escalations, supporting consistent income growth over the hold period. Town Center’s prime location near major corridors like West Dixie Highway positions it to capture both local and commuter traffic, while the diverse tenant mix aligns with evolving retail trends in North Miami. For investors seeking a stable, management-light asset in a high-growth market, Town Center represents an exceptional opportunity to secure reliable income and long-term appreciation potential in one of South Florida’s most dynamic retail corridors.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C-2

APN/PARCEL ID

06-2219-007-0910

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

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Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.