For Sale
$6,000,000

8802-8880 Miramar PkwyMiramar, FL 33025

Florida Shopping Center: 100% Occupied, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Miramar, Florida, presents the Miramar Shoppes, a thriving 18,471 square foot shopping center boasting 100% occupancy and a strong NOI of $333,000. This single-story, 13-tenant property, built in 2008, sits on a 93,164 square foot lot with 72 parking spaces. Located at 8802-8880 Miramar Parkway, Miramar, FL 33025, this stabilized NNN-leased retail center benefits from a high-traffic location, exceeding 28,000 vehicles daily, and features a diverse tenant mix including a convenience store, various service businesses, and popular dining options. The property offers a compelling 5.55% cap rate and a price per square foot of $324.83. With variable rent bumps and long-term leases, this investment provides a stable and attractive cash flow. The property's zoning is designated RETAIL, and the asking price is $6,000,000. This hard-corner location offers over 600 feet of frontage on Miramar Parkway and Douglass Road, ensuring maximum visibility and accessibility. The property's 16,715 square feet of net rentable space is currently fully occupied, providing immediate return on investment. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.

Highlights

  • Exceptional investment opportunity: 18,471 SF shopping center in Miramar, FL, 100% occupied, $333,000 NOI, 5.55% cap rate.
  • 100% leased with long-term leases providing stable cash flow.
  • High-visibility hard corner location with over 600 ft of frontage on Miramar Parkway and Douglass Rd.

Property Details for 8802-8880 Miramar Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
18,471 SF
Year Built
2008
Buildings
1
Stories
1
Units
13

Location Insight

City
Miramar
County
Broward
State
Florida
Latitude
25.980382377999
Longitude
-80.262144850351
8802-8880 Miramar Pkwy, Miramar, Florida

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8802-8880 Miramar Pkwy
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