Miami Gardens, Florida, offers a diverse range of Retail Properties For Sale, with 23 available listings. Investing in Retail Properties in Miami Gardens can be a wise decision, as the city's strategic location and growing economy create a high demand for retail spaces. Retail Properties can represent a variety of investments, from strip centers and shopping plazas to freestanding buildings and restaurants. Miami Gardens' amenities, infrastructure, location, education, and geography make it an attractive place to invest in Retail Properties. The city is home to the Hard Rock Stadium, a major sports facility that hosts the Miami Dolphins and the University of Miami Hurricanes football team, as well as the annual Orange Bowl college football game. Additionally, Miami Gardens has seen improvements in its crime rates over the past 13 years, making it a safer investment opportunity. The city's proximity to Downtown Miami and its major transportation facilities, including Florida State Road 860 and I-95, also contribute to its appeal.
Miami Gardens' Retail Properties offer a unique opportunity to tap into the city's growing economy and diverse demographics. The city is home to St. Thomas University and Florida Memorial University, which provide a steady stream of students and faculty looking for retail services. Additionally, the city's healthcare facilities, such as Jackson North Medical Center, Concentra Urgent Care, and Chen Medical Center, attract visitors and residents who require retail services. Other property types available in Miami Gardens include Shopping Centers, which offer a variety of retail spaces and amenities; Restaurants, which cater to the city's diverse culinary tastes; Office Properties, which provide space for businesses and professionals; and Hotels, which accommodate visitors and travelers. With its unique blend of amenities, infrastructure, and demographics, Miami Gardens is an attractive place to invest in Retail Properties.
What is the average cap rate for retail properties in Miami Gardens?
When it comes to retail properties in Miami Gardens, investors can expect an average cap rate of 5.41%. To better understand the significance of this rate, it's essential to know what a cap rate is - essentially, it's a measure of a property's potential return on investment, and you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Miami Gardens, where the Hard Rock Stadium and other major attractions draw in visitors and sports enthusiasts, retail property values are significantly influenced by location and foot traffic. Properties situated near high-traffic areas, such as the stadium or major transportation hubs like Florida State Road 860 and I-95, tend to command higher values due to their potential for increased exposure and customer engagement, with an average price per square foot of $601 USD and an average size of 10,611 square feet.
