6601 Dixie HwyMiami, FL 33143

  • Retail properties
  • 3,335 SF
For Sale
$10,217,777 View listing

Property Details for 6601 Dixie Hwy

Year built
2018
Construction
CONCRETE
Lot size
0.60 AC
Property size (Sq ft)
3,335 SF
Zone code
6111:DKUC EDGE SUB DIST
Property type
Retail properties
Property subtype
Banks
APN
30-4036-000-0810
APU
3040360000810

Description

This exceptional investment opportunity presents a 2,960-square-foot Class B retail property located at 6601 S Dixie Hwy, Miami, Florida 33143, in Miami-Dade County. The property is currently 100% occupied by a TD Bank branch under a triple-net (NNN) lease with a corporate guarantee. The lease commenced January 23, 2012, and has a remaining term of approximately 7.2 years, expiring January 23, 2032. The lease includes four 5-year renewal options. Built in 2018, this single-unit building offers a secure, long-term investment with rent bumps of 10% every five years. The property is situated in a high-demand location within a thriving area, surrounded by established national tenants and new residential developments. The asking price for this core investment is $10,217,777. This is a rare opportunity to acquire a stable, income-producing asset with a highly creditworthy tenant in a prime Miami location. The property's strong tenant and favorable lease terms make it an attractive investment for those seeking long-term stability and appreciation potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,391,078
    6.5%
    $3,130,226
    7%
    $2,906,638
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,642,160
    Geo Method
    $2,642,160
  • Alternative Use

    Use
    Valuation
    Residential
    $2,640,462
    Hospitality
    $2,418,649
    Educational
    $2,012,288
    Medical
    $2,081,494
    Retail
    $3,130,226
6601 Dixie Hwy, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.6946
Longitude
-80.3007
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,542
$2,352,240
$452,498
$2,804,738
-
$2,352,240
$452,498
$2,804,738

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