9610 Fontainebleau Blvd Miami, FL 33172-6876

This exceptional 11,890-square-foot multi-tenant retail property, located at 9610 Fontainebleau Blvd, Miami, FL 33172, presents a compelling investment opportunity. Boasting 100% occupancy across ten tenants, the property generates a strong NOI of $568,276, resulting in a 6.53% cap rate. The asking price is $8,707,011, translating to $732.30 per square foot. Built in 1973 and extensively renovated in 2023 (including a new roof), this single-story building sits on a 74,052-square-foot lot and offers ample parking with 68 spaces (4.4 spaces per 1,000 square feet). The property benefits from a highly desirable location on a signalized intersection with two curb cuts, ensuring easy access. Its strategic placement within the Fontainebleau community provides access to over 6,000 apartment units within a half-mile radius and a substantial population base. Six of the ten tenants have occupied their spaces for over ten years, demonstrating strong tenant loyalty and stability. All leases are structured as triple net, with tenants responsible for their pro-rata share of taxes, insurance, and common area maintenance. Annual rent increases of 5% are built into all leases, further enhancing the property's long-term value. The property's unique position as the only retail center on Fontainebleau Boulevard provides a significant competitive advantage. This is a rare opportunity to acquire a high-performing, well-maintained retail asset in a thriving Miami-Dade County location.