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1428-1438 Alton Rd
7,344 SF Retail Building Miami Beach, FL 33139 $15,000,000 ($2,042/SF) 7.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Miami Beach Medical Marijuana Dispensary
- NNN Lease With 5% Annual Increases-Hedging Against Inflation
- High Barrier of Entry Market and Cannabis Dispensary Use-Location Has Intrinsic Value as All Sites on Miami Beach are Taken
- Building Completely Renovated by the Tenant Showing Strong Commitment to the Location
- Oversized Corner Lot With Plenty of Parking and Future Development Potential
- 250 Ft Linear Feet of Frontage on Alton Road and 14th Court
EXECUTIVE SUMMARY
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Retail Opportunity: Exceptional ±2,000 SF ground-floor retail space with premier visibility along the high-traffic Alton Road (~35k VPD), ensuring maximum exposure and foot traffic. Access & Co-tenancy: Benefit from great accessibility in both directions, surrounded by nationally recognized retailers including TD Bank, Wells Fargo, Smoothie King, Domino’s, AT&T, McDonald’s, and more—creating a built-in customer base and strong synergy. Adjacent Surface Parking: Direct access to 18 dedicated surface parking spaces behind the building, providing a rare and highly desirable 2.45/1,000 SF parking ratio—offering seamless convenience for both tenants and customers. Market Fundamentals: Strategically positioned in a high-demand retail corridor with minimal vacancies, driven by an influx of high-net-worth residents and strong consumer spending. With supply constraints keeping availability tight, this is a rare opportunity in a thriving retail landscape.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,000 SF | Retail | - | Now |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Retail Opportunity: Exceptional ±2,000 SF ground-floor retail space with premier visibility along the high-traffic Alton Road (~35k VPD), ensuring maximum exposure and foot traffic. Access & Co-tenancy: Benefit from great accessibility in both directions, surrounded by nationally recognized retailers including TD Bank, Wells Fargo, Smoothie King, Domino’s, AT&T, McDonald’s, and more—creating a built-in customer base and strong synergy. Adjacent Surface Parking: Direct access to 18 dedicated surface parking spaces behind the building, providing a rare and highly desirable 2.45/1,000 SF parking ratio—offering seamless convenience for both tenants and customers. Market Fundamentals: Strategically positioned in a high-demand retail corridor with minimal vacancies, driven by an influx of high-net-worth residents and strong consumer spending. With supply constraints keeping availability tight, this is a rare opportunity in a thriving retail landscape.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-3234-018-0700 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,235,000 |
PROPERTY TAXES
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1428-1438 Alton Rd
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