8802-8880 Miramar PkwyMiramar, FL 33025

Property Details for 8802-8880 Miramar Pkwy

Year built

2008

Property size (Sq ft)

18,471 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Miramar

County

Broward

State

Florida

Latitude

25.9804

Longitude

-80.2621

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