954-245-3515
21035-21215 Biscayne Blvd, Miami, FL for Sale
Freestanding - FOR SALE
1/4
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21035-21215 Biscayne Blvd
Miami, FL 33180


HIGHLIGHTS

  • High-Visibility Location – Strategically positioned along Biscayne Boulevard (US-1) with direct frontage to over 50,000 vehicles per day.
  • Robust Surround Demographics – Surrounded by dense residential neighborhoods, luxury high-rises, and Class A office buildings.
  • Proximity to Major Destinations – Ideally positioned between Aventura Mall and Gulfstream Park.
  • Excellent Connectivity – Located 1.4 miles from the Aventura Brightline Station and 1.6 miles from Interstate 95 (I-95), offering convenient access.

OVERVIEW

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 21215 Biscayne Boulevard (the “Property”), a ±6,650 square-foot, three-tenant retail asset located in the heart of Aventura, one of South Florida’s most affluent and high-growth markets. Situated on an ±1.00-acre parcel, the property features in-place income with a diverse mix of national and regional tenants with triple-net (NNN) leases. The leases for The Original Pancake House (OPH) and Morelia Ice Cream Paletas feature annual rental increases tied to the Consumer Price Index (CPI), with a minimum 2% annual escalation, while Jimmy John’s has a fixed rate increase, offering both stability and future upside. Both The Original Pancake House and Jimmy John’s rents are over 30% below market, offering investors the opportunity capture upside by marking-to-market rents upon lease expiration. This high-visibility Property is strategically located on Biscayne Boulevard (US-1) and NE 213th Street offering unparalleled frontage and exposure to over 50,000 vehicles per day. The Property benefits from being an outparcel to Aventura Commons, a ±267,000 square-foot retail center anchored by Whole Foods, Target, Best Buy, PetSmart, and Ulta Beauty. Located across the street from Aventura Hospital & Medical Center and situated between Aventura Mall, one of the top-grossing shopping destinations in the U.S., and Gulfstream Park, the Property benefits from significant foot traffic, strong demographics, and excellent accessibility. Surrounded by luxury residential developments, Class A office towers, and world-class amenities, the Property is uniquely positioned to capitalize on Aventura’s continued population and income growth. 21215 Biscayne Boulevard offers investors the unique opportunity to acquire a premium retail asset in Aventura, one of South Florida’s premier submarkets.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

145

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B2

APN/PARCEL ID

28-1234-073-0050

ASK ABOUT THIS PROPERTY

Zachary LevineMarcus & MillichapMore Info
954-245-3515

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Zachary LevineMarcus & MillichapMore Info
954-245-3515

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