Space Coast Credit Union - Miami, FL_Property for Sale
Space Coast Credit Union - Miami, FL_Property for Sale
19455 South Dixie Highway, Cutler Bay, FL, 33157, US

Space Coast Credit Union - Miami, FL

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Space Coast Credit Union (“SCCU”) located at 19455 S Dixie Highway in Cutler Bay, Florida (“Property” or “Asset”). SCCU is operating on an absolute NNN lease with ±13.3 years of primary lease term remaining, 2.0% annual rent escalations, three, five-year renewal options and zero landlord responsibilities.


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Attributes

Asking price
CA$5,409,000
Cap rate
5.75%
NOI
CA$311,000
WAULT
13.3 years
Building area net
246 sm
Land area gross
0.24 ha

Media

Investment highlights

  1. Operating on an absolute NNN lease with ±13.3 years of primary lease term remaining and 2.0% annual rent escalations
  2. Space Coast Credit Union is the 3rd largest credit union in FL with $8B+ in assets
  3. Positioned in a dense retail node that genereates 9.2 million visits annually
  4. Strong demand characteristics driven by 12% population growth since 2010 and AHHI of $115K within a 3-mile radius
  5. Cutler Bay is a strong retail market with 1.4% vacancy and 19% rent growth
  6. Along major thoroughfare in Cutler Pay wtih direct accessability to 223,500 VPD
Space Coast Credit Union - Miami, FL 4_Property for Sale
Space Coast Credit Union - Miami, FL 4_Property for Sale

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Space Coast Credit Union - Miami, FL (0 Properties)

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Last updated
Jul 28, 2025