Airpark Plaza Shopping Center

5715 Northwest 7th Street, Miami, FL

描述

JLL as advisor is pleased to present the Airpark Plaza Shopping Center, a 100% leased 171,443 square foot Publix & Burlington anchored community shopping center located in Miami, FL, the country’s preeminent retail market.

Airpark Plaza presents an exceptional opportunity to acquire a best-in-class trophy retail asset in Miami, Florida – a prospect that rarely emerges in this highly competitive market. The Property features a top performing Publix and Burlington, and no tenant purchase options. The Property boasts a dynamic and well-established tenant roster of national tenants (86% of GLA) with impressive sales offering stable and secure long-term cash flows with significant upside through mark-to-market opportunities.

The property occupies a strategically superior position within Miami’s dynamic retail landscape, offering exceptional connectivity to primary thoroughfares including The Dolphin Expressway, Palmetto Expressway, and I-95, with immediate proximity to transformative demand generators and a highly dense, affluent population of over 170,000 residents with $107,000 average household income within 3 miles.

Opportunity to acquire a generational 171,443 SF Publix-anchored center without tenant purchase rights featuring a top performing Publix and Burlington, outstanding tenant tenure, and compelling value creation through mark-to-market potential in one of Florida’s highest growth markets

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特性

建築物面積 (淨面積)

171,443 平方呎

使用／出租率

100%

Year Built / Renovated

1971 / 2005

土地面積

12.6 英畝

沃尔特

2.4 年

停车位数量

603

Placer.ai Visits

2.9M Annual visits

Traffic Counts

68,000 VPD Combined

媒體

投資亮點

ROBUST ANCHOR PERFORMANCE with Publix and Burlington combined sales of over $65M+
EXCEPTIONAL TENANT COMPOSITION with best-in-class national retailers accounting for 86% of leased GLA and high performing local tenants averaging over 13.6 years of tenure.
LIMITED FIXED RATE RENEWAL OPTIONS enable over 52% of inline GLA to roll to market upon expiration. This figure excludes outparcels, which also lack fixed rate options, with TD Bank being 30.9% below market.
SIGNIFICANT VALUE ENHANCEMENT with in-place rents 43.1% below market leading to a 4.6% year 5 and 3.3% year 10 CAGR.
EXTREMELY RARE OPPORTUNITY to acquire a generational infill 12.6-acre grocery anchored asset with NO TENANT PURCHASE OPTIONS in the most coveted retail market in the country.