FOR SALE

Call For Offers: October 10, 2024

Dadeland Point - 8821 S. Dixie Hwy

Execute CA

Executive summary

Avison Young is pleased to exclusively offer for sale the Dadeland Point retail center (“the Property”), a ±10,725 SF retail center at the intersection of US-1 and Kendall Drive in Miami’s desirable Pinecrest suburb. Fully occupied by three tenants paying below-market rent, the Property offers tremendous access and exposure to more than 55,000 passing vehicles each day and is one of the most recognizable retail buildings in Miami

Investment highlights

Perfect Hard-Corner Location

Positioned at the bustling, fully signalized intersection of Kendall Drive and US-1, Dadeland Point enjoys unmatched accessibility and visibility, drawing over 55,000 vehicles daily.


Ideal Visibility

Dadeland Point stands out with significant exposure on US-1, a major arterial road, making it a prime spot for attracting tenants and customers alike.


Credit Tenancy with Net-Lease Structure

Home to renowned national tenants like AT&T and Mattress Firm, Dadeland Point features triple-net leases that ensure reliable income and hassle-free management.


Below-Market Rents

Current rental rates, especially for Mattress Firm, are notably below market value, presenting a golden opportunity for future investors to boost returns by marking rent to market rate, which is nearly $100 PSF along the high-traffic US-1 retail corridor.


Major Recent Cap Ex

In the course of the last year, current ownership has completed a significant capital improvement program including all major building systems.


Enormous Future Redevelopment Potential

With a substantial ±0.92-acre footprint, Dadeland Point offers incredible future redevelopment opportunities, especially given the high rents in Dadeland and the site’s transit orientation, with proximity to two MetroRail stations. This strategic location not only supports current high-value retail use but also positions the property for vertical redevelopment, capitalizing on South Florida’s evolving land-use policies and increasing demand for residential mixed-use developments. Potential redevelopment paths include both Live Local and the Miami-Dade County RTZ designation.

Team

John K. Crotty, CCIM

Principal
Avison Young - US - FL - Miami
3054477865

Brian C. de la Fé

Principal
Avison Young - US - FL - Miami

David Duckworth

Principal
Avison Young - US - FL - Fort Lauderdale
9549381806

David Duckworth

Principal
Avison Young - US - FL - Miami
954-938-1806

Marketing Materials

Dadeland Point Flyer