8821 Dixie Hwy Pinecrest, FL 33156-1618

Dadeland Point, a 10,725 square foot shopping center in Miami, Florida, presents a compelling value-add investment opportunity. Located at the hard corner of US-1 and Kendall Drive in the affluent Pinecrest neighborhood, this property boasts exceptional visibility and accessibility, with over 55,000 vehicles passing daily. The single-building center, constructed in 1990 and extensively renovated in 2023/2024, sits on a 0.92-acre lot and is currently 100% occupied by three national credit tenants under triple-net (NNN) leases. Current rents are below market value, particularly for Mattress Firm, offering significant potential for increased revenue through rent adjustments. The property benefits from a recent major capital expenditure program encompassing all major building systems. Its prime location in a high-income residential area, close to Downtown Dadeland and two Metrorail stations, provides not only strong current income but also substantial future redevelopment potential. The large lot size and strategic location make it suitable for various redevelopment options, including mixed-use developments, leveraging South Florida's evolving land-use policies and high demand for residential projects. This property offers a unique blend of stable current income and significant long-term upside.