Caribbean Shoppes at 19501 NW 2nd Avenue is a well-maintained retail center in Miami, encompassing approximately 27,872 square feet of building space on 1.68 acres. Positioned along the 3-mile US Highway 441 commercial corridor, the plaza represents a progressively modern retail development featuring a brand-new façade of ACM aluminum and granite, along with a recently repaved parking lot.
The property offers an attractive 7.2% CAP rate, with a projected increase to 7.8% by 2026, signaling a strong initial return and clear near-term upside. Its modern construction minimizes deferred maintenance while creating opportunities to enhance value through strategic lease adjustments or replacing existing tenants with higher-performing businesses, ultimately driving increased rental income and property value.
Maintaining such longevity and consistency in business is a testament to the resilience, hard work, and dedication of both the tenants and Caribbean Shoppes' management. The diverse tenant mix complements itself well, creating a vibrant and appealing retail destination that continues to attract steady consumer traffic.
Located just north of the Golden Glades interchange, Caribbean Shoppes provides direct access to Interstate 95, Florida's Turnpike, and State Routes 441 and 826, ensuring excellent connectivity throughout South Florida. Situated in Miami Gardens, the property is surrounded by a diverse working- and middle-class population of nearly 701,500 residents within a 15-minute drive. Nearby points of interest include Aventura Mall, Hard Rock Stadium, St. Thomas University, Florida Memorial University, and numerous businesses, services, and restaurants along the US Highway 441 corridor.