unique investment opportunity · ne 6th ave ne 109th st montessori school pizza point property...

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Corner Retail Storefront Ample on-site parking Ideal for an investor or owner user Optimal access to I-95 Across the street from Miami Country Day School UNIQUE INVESTMENT OPPORTUNITY MIAMI | FLORIDA 10886 NE 6TH AVE 10886 NE 6TH AVE FOR SALE

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Page 1: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

• Corner Retail Storefront

• Ample on-site parking

• Ideal for an investor or owner user

• Optimal access to I-95

• Across the street from Miami Country Day School

UNIQUE INVESTMENT OPPORTUNITYMIAMI | FLORIDA

10886 NE 6TH AVE

10886 NE 6TH AVE

FORSALE

Page 2: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

CORNER RETAIL BUILDING directly across the street from Miami Country Day School. Prime NE 6th Ave location ready to service Miami Shores and Biscayne Park. This property was previously occupied as a convenience store, offering plenty of parking and excellent signage opportunity. Co-tenants include a Pre-K school, summer Camp for kids and Pizza Point. These businesses, along with Miami Country Day School, bring many visitors to this location daily.

Ideal for a savvy investor or owner user who’d like to reap the benefit of easy access to I-95 and exposure to visitors from areas such as Bal Harbour, Aventura, Sunny Isles, Miami Beach, and more.

• Ideal for investor or owner user• Mixed Use• Fitness/Wellness center• Convenience Store• Restaurant• Pet store• Boutique shops• Other creative/retail-oriented use

• Easy access to I-95 and all major expressways• Impact windows• Plenty of natural light• Ample parking on site• Across the street from Miami Country Day School• Within minutes from Miami Shores Country Club, Barry

University, Museum of Contemporary Art, and more• Opportunity for a Supermarket/Convenience store to serve

immediate residents, as well as neighboring tenants• Blocks from Biscayne Boulevard and minutes from Miami

Shores, Bal Harbour, Aventura, and more

HIGHLIGHTS

PROPERTY OVERVIEW 10886 NE 6TH AVE

ADJUSTED AREA

LOT SIZE

+/- 5,000+ SFAs per owner survey

+/- 11,558 SF

SALE PRICE

ZONING

$1,385,000

BU-1

AMPLEPARKINGON SITE

SIGNAGE OPPORTUNITY + AMPLE PARKING

Page 3: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

PRO FORMA 10886 NE 6TH AVE

TENANT

TENANT

TDB

TOTAL

TOTALTDB

SPACE

ANNUAL BASE

RENT

10886 NE 6TH AVE

$125,000.00

SIZE

OPEX.

PROVISION

5,000 SF

5,000 SF

$35,000.00

ALLOCATION

TOTAL ANNUAL

RENT

100.00%

$160,000.00

$160,000.00

$/SF NNN

ANNUAL

INCREASES

$25.00

3%

OPEX. PROVISION PER SF

LEASETYPE

$7.00

NNN

(Continued here)

ANNUAL EXPENSES (estimated)

REAL ESTATE TAXES

PROPERTY INSURANCE

MAINTENANCE & MANAGEMENT

TOTAL ANNUAL EXPENSES

SUMMARY

GROSS OPERATING INCOME

ANNUAL EXPENSES (EST.)

NET OPERATING INCOME (NOI)

ASKING PRICE

BLDG. IMPROVEMENTS

NOI

CAP RATE

RETURNS (PROFORMA)

ACTUAL

$8,500

$5,000

$2,000

$15,500

ACTUAL

$ --------

($15,500)

($15,500)

$1,395,000

$100,000

$130,500

8.73%

PROJECTED (Proforma)

$19,000

$7,500

$3,000

$29,500

PROJECTED (Proforma)

$160,000

($29,500)

$130,500

All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified

and is not guaranteed. Buyer/lessee bears all risks.

Page 4: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

OWNER SURVEY 10886 NE 6TH AVE

Page 5: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

N E 6 T H AV E

NE

10

9T

H S

T

MONTESSORI SCHOOL PIZZA POINT

PROPERTY PHOTOS 10886 NE 6TH AVE

MIAMI COUNTRY DAY SCHOOL

[ Approx. 19,000 Daily Traffic Count ]

Brings daily visitors from areas such as Bal Harbour, Sunny Isles, Miami Beach, Brickell, and more

Both tenants bring many visitors daily that can benefit you + your business

Plenty of opportunity for repurposing.... Well suited for a fitness center...

Or any other retail-driven concept...Open Spaces ideal for a convenience store...

Page 6: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

AERIAL VIEW 10886 NE 6TH AVE

• Optimal Exposure on NE 6th Avenue and within minutes to Biscayne Blvd, NE 2nd Ave and I-95 Expressway

• Minutes from Upper Eastside, Miami Design District, Wynwood, Downtown Miami/Brickell, and more

• Within minutes from Miami International Airport + The Beaches

LOT SIZE +/- 11,558 SF

10886 NE 6TH AVE

DOWNTOWNMIAMI

UPPER EASTSIDE

MIAMI BEACH M I A M I I N T ’ LA I R P O RT

+ / - 1 5 M i n s+ / - 1 5 M i n sW Y N W O O D

D E S I G ND I S T R I C T

NE 6TH AVE

I-95 EXPRESSWAY

BISCAYNE BLVD NE 2ND AVE

MIAMISHORES

COUNTRYCLUB MIAMI

COUNTRY DAY SCHOOL

Page 7: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

SW

NE

I -195 EXPRESSWAY

MIAMIINTERNATIONAL

AIRPORTMIAMIBEACH

+/- 15 MINS+/- 15 MINS

DOWNTOWN MIAMI/BRICKELL

W Y N W O O DM I D T O W N

DESIGN DISTRICT

E D G E W AT E R

NE

2ND A

VE

N M

IAMI AVE

The Design District is a thriving

neighborhood in Miami that

continues to expand as a fashion

center and is now home to luxurious

brands such as Louis Vuitton,

Prada, Christian Louboutin,

Chanel, Givenchy, Valentino,

etc. It also houses the Miami

Institute Of Contemporary Arts

(ICA), as well as the artistic

Museum Garage.

The Wynwood Art District is an

emerging neighborhood with

a multitude of vacant industrial

buildings. In the last couple

of decades the local arts scene

has been dominated by local

street artists and muralists who

have repurposed old warehouse

buildings into lofts, restaurants,

galleries, and event spaces.

Midtown is a thriving residential

and retail community built

around the synergy mimicking

New York’s SOHO community

With the Design District focused

on securing luxury retailers, Midtown

has become a hub for big box

retailers, you’ll definitely want a

spot here.

Downtown Miami is Miami’s bustling epicenter, packed with gleaming skyscrapers, sweeping bay views, and hidden places to explore. It’s a neighborhood of layers—decades of history overlapping and colliding; tourism destinations like Port of Miami alongside local favorites like American Airlines Arena, home to the Miami Heat; century-old buildings among new pockets of young residents who call the neighborhood home.

DESIGN DISTRICT WYNWOOD MIDTOWN DOWNTOWN MIAMI

SURROUNDING AREAS 10886 NE 6TH AVE

Page 8: UNIQUE INVESTMENT OPPORTUNITY · NE 6TH AVE NE 109TH ST MONTESSORI SCHOOL PIZZA POINT PROPERTY PHOTOS 10886 NE 6TH AVE Y SCHOOL [ Approx. 19,000 Daily Traffic Count ] Brings daily

All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified

and is not guaranteed. Buyer/lessee bears all risks.

www.chariff.com

Lyle ChariffBroker/President [email protected]

Mauricio Zapata Broker/Principal

[email protected]

305-576-7474305-576-7494

@chariff

@chariffrealty

10886 NE 6TH AVE

5801 BISCAYNE BOULEVARDMIAMI, FLORIDA 33137