For Sale
Call for price

1 Royal Poinciana BlvdMiami Springs, FL 33166

15-Tenant Retail Center, Fully Leased

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 26,947-square-foot retail center in vibrant Downtown Miami Springs, Florida, presents a compelling investment opportunity. Completely renovated in 2023, this property boasts two single-story buildings, offering a diverse mix of 15 tenants across food and beverage, health and beauty, medical, service, and specialty sectors. The center features ample grade-level parking for convenient customer access. Currently 100% occupied, the property benefits from a robust merchandising plan with a well-balanced tenant mix of both established local businesses and new national credit tenants. All leases are triple net (NNN) with an average remaining term exceeding 10 years, incorporating annual rent increases of 3%. Many leases also include attractive renewal options. This fully stabilized investment is further enhanced by the availability of seller financing: a $9 million loan at 5% interest, amortized over three to five years. Located at 1 S Royal Poinciana Blvd, Miami Springs, FL 33166, this property is ideally situated within Miami-Dade County. Built in 1945, this meticulously renovated center offers a blend of historical charm and modern functionality, making it an exceptional addition to any investment portfolio.

Highlights

  • 2023 Gut Renovation.
  • Seller financing available; 50% LTV, 4.5% interest, 5-year term.
  • 100% Occupancy.
  • New 10-year leases with 3% annual rent increases and renewal options.

Property Details for 1 Royal Poinciana Blvd

Property type
Retail properties
Square Feet
26,947 SF
Year Built/Renovated
1945/2023
Buildings
2
Stories
1
Units
15

Location Insight

City
Miami Springs
County
Miami-Dade
State
Florida
Latitude
25.820745028179
Longitude
-80.280691589338
1 Royal Poinciana Blvd, Miami Springs, Florida

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1 Royal Poinciana Blvd
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