11045 Northwest 7th Avenue

Miami, FL 33168

Listing ID: 187612
$2,190,000
For Sale
  • Lot Size Acres 0.669
  • Building Sq Ft 4,000
  • Building Price per Sq Ft $547.50
  • Land Sq Ft 29,119
  • Land Price per Sq Ft $75.21
  • NOI $1,173,410
  • CAP Rate % 5.40
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Description

APEX Capital Realty is proud to present a unique assemblage opportunity featuring two retail tenants with food & beverage / convenience concepts at a hard corner at the intersection of NW 7th Avenue and NW 111th Street, between the Pinewood/Miami Shores neighborhoods of urban core Miami.

Property Summary

Total Assemblage Size: 29,120 Land SF (0.67 acres)

11045 NW 7 Ave: 19,370 Land SF

660 NW 111th St: 9,750 Land SF

Total Building Area: 4,004 SF (across 2 freestanding buildings)

Lease Types: NNN

NOI: $117,341

Zoning: UC-MC (UC-Center Mixed-Use Corridor)

Max. Height: 6 stories

Density: 36 units per acre (24 units on this site)

Dimensions: 130? x 223? approx.

COMBINED ASKING PRICE: $2,190,000 (5.4% CAP)

Property Highlights

Income-producing w/ 2 different tenants; the two property owners have come together to present the properties as an assemblage for the first time

The approximately 3,222 SF fully-operating corner retail building is a 2nd generation kitchen w/ updated grease traps. Occupied by local “Jimmy’s Diner” restaurant tenant, the lease is NNN & carries a double-backed personal guarantee.

On the adjacent parcel sits an innovative drive-thru micro-convenience store concept which is currently owner-operated. Upon a sale, the owner will commit to a sale-leaseback agreement w/ terms flexible to the Buyer.

The surrounding area of this mixed-use high-traffic corridor is populated by both local and national tenants alike who enjoy the 37,000+ daily vehicles per day, not including the exposure from passersby on I-95, which runs just parallel to NW 7th Ave

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population27,416203,404488,034
Population Median Age373738
Population by Age0-9 Yrs3532 (12%)27758 (13%)61898 (12%)
10-19 Yrs3753 (13%)25407 (12%)58459 (11%)
20-29 Yrs4478 (16%)30130 (14%)71727 (14%)
30-39 Yrs4077 (14%)28183 (13%)67422 (13%)
40-49 Yrs3296 (12%)25330 (12%)64704 (13%)
50-59 Yrs3333 (12%)27695 (13%)65947 (13%)
60-69 Yrs2567 (9%)21183 (10%)49415 (10%)
70+ Yrs2379 (8%)17719 (8%)48463 (9%)
Median HH Income$38,867$35,986$36,767
Total Household Income< 24K2185 (31%)22554 (36%)53357 (35%)
25-49K2002 (28%)17104 (27%)40392 (27%)
50-74K1329 (19%)9673 (15%)24389 (16%)
75-99K634 (9%)5200 (8%)12765 (8%)
100-199K639 (9%)5853 (9%)14441 (9%)
200K+126 (1%)1461 (2%)4103 (2%)
Highest Education LevelNo Diploma43633353382859
Diploma or GED631744325108424
Some College29282198753649
Assoc. Degree17661145827510
Bachelors Degree17861630541045
Higher Degree575792019944
Total Housing Units7,54268,907168,069
--Owner-Occupied3,45827,21866,193
--Renter-Occupied3,45834,62783,253
Owner-Occupied Values< 100K503495310771
100-199K1495943923234
200-299K773590216864
300-399K28729306342
400-499K23413302489
500K+16626646493
Total Working Age Population21,883160,499391,239
In Work Force13,41298,888237,670
Not In Work Force8,47261,611153,568
Workforce Employed11,90288,330214,207
Workforce Unemployed1,50210,51823,378
Civlian Workforce13,40498,848237,585
Military Workforce84085
Total Households6,91561,846149,447
Family Households5,16540,74197,586
Non-Family Households1,75021,10451,861
Married Couple2,55319,88849,492
Other Family2,61220,85348,094
Married w/Child9267,91919,103
Single Male w/Child3452,1004,333
Single Female w/Child7717,36916,812

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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