2451 NW 2nd Ave - Apartments CONDO FOR SALE


Miami, FL 33127- Wynwood
$12,400,000 USD
844-504-0046
2451 NW 2nd Ave, Miami, FL for Sale
$12,400,000 USD
Apartments CONDO - FOR SALE
1/38
null | 5% Cap Rate

2451 NW 2nd Ave
Miami, FL 33127
Wynwood


HIGHLIGHTS

  • Long-term, NNN leases to Starbucks, Chipotle, and Insomnia Cookies provide durable, passive cash flow with minimal landlord responsibility.
  • Below 224 multifamily units on Wynwood’s eclectic “cool street”, benefiting from built-in density, strong pedestrian traffic, and on-site parking.
  • Below-market in-place rents for Starbucks and Chipotle offer downside protection today and compelling mark-to-market upside at rollover.
  • Owner-oriented condominium structure and tenant-funded build-outs form an institutional-quality investment with efficient NOI and long-term stability.

OVERVIEW

DWNTWN Realty Advisors has been retained exclusively to arrange the sale of a premier new construction national credit retail portfolio at Society Wynwood, featuring three prime ground-floor retail condominium units 100% leased to Starbucks, Chipotle, and Insomnia Cookies. Secured by long-term, triple net (NNN) leases with contractual rent escalations, this institutional-quality offering delivers passive income through a highly favorable, owner-oriented condominium structure that limits landlord exposure. Each tenant delivered and built out its space from shell condition, reflecting significant capital investment and long-term commitment to the location. At the base of Society Wynwood, a 224-unit luxury multifamily building, retail suites benefit from built-in daily density and consistent pedestrian traffic, with tenant access to on-site parking that enhances functionality relative to much of Wynwood’s high-street retail inventory. Importantly, current rents for Starbucks and Chipotle are materially below prevailing market levels for prime Wynwood street retail, providing downside protection and re-leasing upside in the event of a rollover. Positioned on Wynwood’s most coveted “cool street,” the assets sit at the center of a high-growth urban core defined by exceptional pedestrian traffic, dense luxury residential development, and expanding creative and tech office demand, representing a rare opportunity to acquire a stabilized, necessity-driven retail footprint in Miami’s most iconic live-work-play district.

FOR SALE DETAILS

PRICE

$12,400,000 USD

PRICE/SF

$2,002 USD /SF

CAP RATE

5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wynwood Credit NNN Retail Investment

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

6,193 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

T5-O

APN/PARCEL ID

01-3125-036-0170,01-3125-036-0171,01-3125-037-0200,01-3125-037-0220

ASK ABOUT THIS PROPERTY

Tony ArellanoDWNTWN Realty AdvisorsMore Info
844-504-0046

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Tony ArellanoDWNTWN Realty AdvisorsMore Info
844-504-0046

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