Miramar, Florida, offers a diverse range of Retail Properties For Sale, making it an attractive investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 130,000, Miramar provides a stable and diverse demographic for businesses to thrive. Retail Properties in Miramar can represent a variety of investments, from strip centers to freestanding buildings, each offering unique benefits and opportunities. The city's infrastructure, including the Miramar Cultural Center and ArtsPark, the Miramar Branch Library Education Center, and the Miramar Regional Park Amphitheater, provides a solid foundation for businesses to succeed. Additionally, Miramar's location, with major roads such as U.S. 441, Hallandale Beach Boulevard, and Pembroke Road, makes it an ideal spot for retailers. The city is also home to notable companies and organizations, including Spirit Airlines, JL Audio, and the Federal Bureau of Investigation (FBI) Miami field office, further solidifying its appeal as a prime location for Retail Properties. With 14 Retail Properties For Sale, investors have a wide range of options to choose from.
Miramar's Retail Properties offer a unique blend of amenities, infrastructure, and location, making them an attractive investment opportunity. The city's diverse demographics, with a strong presence of Jamaican, Colombian, Cuban, Dominican, Haitian, and Trinidadian residents, provide a solid customer base for retailers. In addition to Retail Properties, Miramar is also home to Shopping Centers, such as the Miramar Town Center, which offers a variety of shopping and dining options. Restaurants, like those found in the Miramar Regional Park Amphitheater, provide a unique dining experience for residents and visitors alike. Office Properties, including the Leadership in Energy & Environment Design facility, house major employers like the FBI Miami field office and a General Services Administration (GSA) office. Hotels, such as those found near the Miramar Cultural Center and ArtsPark, offer convenient accommodations for visitors. With its diverse range of properties and amenities, Miramar is an ideal location for businesses and investors alike. The city's strong economy, infrastructure, and demographics make it an attractive place to invest in Retail Properties, with an average price per square foot of $461 USD and an average size of 5,754 square feet. The largest Retail Property available is 14,560 square feet, offering investors a range of options to suit their needs. With an average cap rate of 6.48%, Miramar's Retail Properties offer a solid investment opportunity for those looking to capitalize on the city's growth.
What is the average cap rate for retail properties in Miramar?
When it comes to retail properties in Miramar, investors can expect an average cap rate of 6.48%, which is a key metric to consider when evaluating potential investments. For those new to commercial real estate, a cap rate, or capitalization rate, is 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 Miramar, Florida, the location and foot traffic of retail properties significantly impact their values. For instance, retail properties situated near major roads such as U.S. 441, Hallandale Beach Boulevard, and Pembroke Road, or those in close proximity to amenities like the Miramar Cultural Center and ArtsPark, tend to have higher values due to increased visibility and accessibility, which can attract more customers and drive business growth.
