1688
Last updated: Apr 7 2023
Year-to-date, market rents in Miami-Dade County have increased 4.3% percent. This is one of the tightest leasing markets in the country, and with 33% of the center scheduled to roll in 2023, there will be numerous opportunities to demand higher rents as leases expire. The major rolling tenants are medical, with heavy investments in the center, or they were recently acquired, making them more likely to have to renew. Concurrently, the core of University Shoppes’ rent roll has staggered leases with established tenants, offering stability and organic appreciation. University Shoppes also features two outparcels that are paying roughly one-third of market rent. Wendy’s expires in 2023, offering an immediate opportunity to recast their lease, or replace them with a higher paying tenant. Walgreens has 19 years left before they expire with no options, offering a long term owner stability with a tremendous future bonus.
Here goes the Post Subtitle
University Shoppes is surrounded by a sea of people and economic generators, including Florida International University, numerous hospitals, various corporate headquarters such as Lennar which is down the street, and the industrial and commerce centers of Doral, Coral Gables, and Miami International Airport. University Shoppes is located in central Miami- Dade, and is accessible via the region’s three largest highways: the Dolphin Expressway, the Florida Turnpike, and the Palmetto Expressway. Miami Beach, Wynwood, Downtown Miami and Brickell are all roughly 25 minutes from University Shoppes. While location is its own form of guaranty, University Shoppes also benefits from having a strong core of large medical and retail tenants, which offer stability and foot traffic. Concurrently, University Shoppes also has numerous avenues for increasing NOI. As such, University Shoppes represents the rarest of opportunities to purchase core, infill, golden, generational Miami real estate with an uncommon balance of stability and opportunity.
Other
Available Leasing
1645A the one the corner…
Large and comfortable place to sell all types of dry goods or supermarket.
1502
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
1507
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
