Dadeland Point

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Address: 8821 S Dixie Hwy, Miami, FL 33156, USA

Florida & Gulf Coast + 2-4 Units

Created date: November 5, 2024

Date last updated: November 6, 2024

Property Description

Perfect Hard-Corner LocationPositioned 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 VisibilityDadeland 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 StructureHome 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 RentsCurrent 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 ExIn the course of the last year, current ownership has completed a significant capital improvement program including all major building systems.
Enormous Future Redevelopment PotentialWith 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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	2-4 Units
No. of Units:	3
Year Built:	1990
Lot Size:	10,725.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here