For Sale Honey Hill Plaza

Highlights:

• PRIME LOCATION NEAR HARD ROCK STADIUM - Located just one mile from Hard Rock Stadium, Honey Hill Plaza benefits from year-round traffic generated by NFL games, concerts, and major events. This consistent influx of visitors drives steady foot traffic and boosts tenant performance.
• VALUE ADD OPPORTUNITY WITH 89% RENT UPSIDE - There is significant potential for increased income if Family Dollar vacates. The space can be subdivided and re-leased at current market rates, with an estimated 89 percent increase in base rent.
• DENSE AND GROWING TRADE AREA - The property is situated in a densely populated area with over 455,000 residents and an average household income of $73,000 within a 5-mile radius. Strong demographics support long-term tenant stability and high consumer demand.
• STRONG LOCAL ECONOMY WITH STRATEGIC GROWTH INITIATIVES - Miami Gardens is undergoing major economic growth, including a 35-acre mixed-use development with residential, hospitality, and entertainment components. These initiatives are fueling job creation and increasing retail demand in the area.
• HIGH-TRAFFIC RETAIL CORRIDOR - Honey Hill Plaza sits along NW 37th Avenue with over 25,000 vehicles per day passing the site. Its prominent positioning provides strong visibility and access in one of South Florida’s most active retail corridors.
• NO STATE INCOME TAX I BUSINESS-FRIENDLY ENVIRONMENT - Located in Florida, one of only nine U.S. states with no state income tax, investors benefit from a favorable tax environment. The state’s pro-business policies continue to attract both residents and corporations seeking long-term economic advantages.

Description:

Matthews is pleased to exclusively offer the opportunity to acquire the fee simple interest in Honey Hill Plaza (the “Property”), a 25,819-square-foot multi-tenant shopping center located in the thriving Miami Gardens submarket of South Florida. Situated on 2.49 acres at 19701–47 NW 37th Avenue, the Property benefits from excellent visibility and access in a high-density retail corridor with over 33,000 vehicles per day. Anchored by Family Dollar and Captain Fish & Chicken, the center is 100% occupied with a diverse mix of daily needs and service-oriented tenants. The property offers immediate cash flow stability with long-term upside potential through rental increases and lease restructuring. The surrounding trade area continues to experience significant growth, positioning the asset for continued tenant demand and value appreciation. The site is located within one mile of Hard Rock Stadium, home to the Miami Dolphins and host to numerous concerts and global sporting events—drawing millions of visitors annually. This high-traffic location ensures steady consumer flow and strong tenant performance.

Honey Hill Plaza is strategically positioned in a densely populated market, with a population exceeding 455,000 residents and an average household income of $73,000 within a 5-mile radius. The strong demographic profile, coupled with the property’s proximity to major entertainment venues and established national retailers, makes this a prime investment opportunity in one of South Florida’s most active submarkets.

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