unique investment opportunity · ne 6th ave ne 109th st montessori school pizza point property...
TRANSCRIPT
• 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
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
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.
OWNER SURVEY 10886 NE 6TH AVE
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...
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
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
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
305-576-7474305-576-7494
@chariff
@chariffrealty
10886 NE 6TH AVE
5801 BISCAYNE BOULEVARDMIAMI, FLORIDA 33137