Trophy NNN Multi-Tenant Shopping Center Investment | Miami, FL
4000 SW 57th Avenue Miami, FL 33155
Price: $15,000,000
Status: Available
Cap Rate: 5.23%
Year Built: 1946/Renovated 2023
NOI: $784,932
Lot Size: 22,500 sqft
Price Per Foot:
Lease Type: Triple-Net (NNN)
Remaining Term: See OM
GLA: 15,115 sqft
Property Intro
Lee & Associates is pleased to present a rare opportunity to acquire a fully leased, Class A multi-tenant retail center located at 4000 Red Road in the highly sought-after Coral Gables submarket of Miami, Florida. The center is 100% occupied by a curated mix of seven tenants including Cala-Millor, SoFlo Dental, and Imago Art, all on NNN leases with annual rent increases and staggered expirations, providing a stable and predictable income stream.
Strategically positioned at the signalized hard corner of SW 40th Street (Bird Road) and SW 57th Avenue (Red Road), the property boasts visibility to over 70,000 vehicles per day. It benefits from proximity to major demand drivers such as the University of Miami (1 mile), the Coral Gables Metrorail Station (2 miles), Downtown Miami (8 miles), and Miami International Airport (7 miles). The trade area supports over 191,000 residents within a 3-mile radius, with an affluent population averaging $221,000 in household income within one mile. Coral Gables’ strict zoning and architectural standards limit future retail supply, supporting long-term tenant retention and rental growth.
The Coral Gables market offers a dynamic blend of tourism, institutional employment, and high-end residential density. Anchored by a robust office population, the nearby University of Miami, and consistent visitor traffic, the property’s location supports a wide variety of retail tenants. As part of Miami’s thriving economic engine—recognized for innovation, international connectivity, and a GDP exceeding $400 billion—this asset offers investors a resilient, income-generating retail investment in one of South Florida’s most supply-constrained and prestigious submarkets.