6601 South Dixie Highway Miami, FL 33143

This absolute net-leased TD Bank is located at 6601 S Dixie Highway in Miami, Florida. The property is positioned along the highly trafficked U.S. Highway 1 corridor, benefiting from visibility and access, and is located minutes from Downtown Miami. The property features a 3,500-square foot freestanding building with multiple drive-thru lanes and is situated on a 0.60-acre parcel with dedicated parking. Located at the signalized intersection of SW 67th Street and U.S. Highway 1, the property has exposure to over 88,569 vehicles per day. The TD Bank is situated within a dense market, with over 100,000 full-time residents within a three-mile radius and an average household income exceeding $150,000. It sits in one of Miami-Dade’s retail corridors and is steps away from the Dadeland North Metrorail Station, which serves more than 1.5 million riders annually. The property is directly adjacent to Dadeland Station, a power center anchored by Best Buy, Target, and Michaels. Less than a mile south lies Dadeland Mall, with over 1.4 million square feet of retail space. The surrounding area is developed with residential and commercial uses. Nearby multifamily communities include The Palmer Dadeland, AMLI Joya, AMLI Dadeland, Colonnade at Dadeland, and Granada Dadeland, collectively delivering more than 2,000 residential units within walking distance. The site is in close proximity to South Miami Hospital, a full-service Baptist Health facility with over 230 beds. The property offers access to the Palmetto Expressway (SR 826), U.S. Highway 1 (South Dixie Highway), and Snapper Creek Expressway (SR 878). The area will benefit from the planned redevelopment of Sunset Place into a mixed-use project featuring residential, hotel, and retail components. TD Bank entered into a 20-year absolute net ground lease in 2013, with the initial term extending through October 31, 2033. The lease includes four five-year renewal options and features 10% rental increases every five years throughout the base and option periods. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities and is corporately guaranteed by TD Bank.