AC | Element Brickell - Retail
115 Southwest 8th Street, Miami, FL, 33130
2,096 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Belleair Bazaar, a 38,874 square foot, unanchored strip center situated on 2.66 acres. The Retail Space is currently 96% leased to a diverse tenant roster led by Bonefish Grill plus other complimentary service, food & beverage, and medical uses, along with 9,271 SF of second story office space, which is currently 13% leased.
The Property underwent a substantial repositioning in 2020 which included the installation of a new roof, façades, window shutters, railings, LED lighting, signage, and paint. Belleair Bazaar enjoys a prime, heavily trafficked location at the gateway to Belleair Beach, with an average daily traffic count of about 19,100 vehicles per day.
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Attributes
Building area net
3,612 m²
Occupancy
96%
Year built
1969
Land area net
1.08 ha
Media
Investment Highlights
- Secure income stream from ideal existing tenant mix
- Compelling NOI growth with immediate value-enhancement potential
- Below market rents with proven ability to increase rates
- Substantial capital invested to modernize the center
- Coastal market with significant affluence and population density
Contact brokers
Belleair Bazaar (0 Properties)
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Last updated
4 Jun 2025
