www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27925307
27925308

1800 N Bayshore Dr, Miami, FL 33132

SS
FL FL SL636794
Marcus & Millichap
AD
FL SL3071645
Marcus & Millichap
Listed by Marcus & Millichap
$3,650,000
219 days on market
Updated 32 days ago

1800 N Bayshore Drive - NNN Lease

Details
APN 01-3231-003-0555
Property Type Retail
Sub Type Storefront
Square Footage 9,650
Net Rentable (SqFt) 7,742
Units 1
Cap Rate 7.53%
NOI $275,000
Occupancy 100%
Tenancy Single
Brand/Tenant Miami Strong Gym
Lease Type Absolute NNN
Lease Expiration 10/31/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options 1, 5 Years
Price per SqFt $378
Broker Co-Op Yes
Year Built 2008
Buildings 1
Parking Spaces 20 spaces
Parking Per SqFt 2.07
Investment Type Net Lease
Ground Lease No

Edgewater (Miami) Retail Condo | 7.53% CAP | 9,650 SqFt

Marketing description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Miami Strong Gym as tenant, a premier retail condominium investment located at 1800 N Bayshore Drive in Miami’s Edgewater neighborhood. The property occupies a prominent ground-floor position within The 1800 Club, a 42-story, 469-unit luxury condominium tower overlooking Margaret Pace Park and Biscayne Bay. This offering represents a rare opportunity to own a stabilized, income-producing retail asset in one of Miami’s most rapidly developing mixed-use corridors.

The subject property comprises approximately 9,650 total square feet, including 7,742 SF under air, a 728 SF balcony, and a 1,180 SF terrace, both of which offer exclusive use rights and unobstructed views of the bay and park below. The space features high ceilings, modern finishes, and direct frontage along N Bayshore Drive, providing excellent visibility and foot traffic from residents of the 1800 Club and surrounding towers.

The property is leased to Miami Strong Gym, a well-established and rapidly growing fitness brand that has become a cornerstone of the Edgewater community. The gym, with its 10+ year operating history, offers a full suite of strength training, functional fitness, and group class programs and is known for its professional coaching and community-driven culture. With an expanding membership base and consistent operating performance, Miami Strong Gym provides investors with stable, predictable income secured by a proven local operator.

The lease structure is an Absolute Triple Net (NNN), providing investors with a truly passive investment and zero landlord responsibilities. Miami Strong’s long-term tenancy further strengthens the asset’s stability and value through its established brand presence, consistent performance, and alignment with the area’s affluent and rapidly expanding demographic base.

Edgewater’s transformation into one of Miami’s most vibrant neighborhoods continues to attract luxury residential development, boutique retail, and high-end hospitality. The immediate trade area boasts dense residential population, strong median incomes, and proximity to major employment and lifestyle centers, including the Design District, Midtown, Downtown Miami, and Wynwood. Situated directly across from Margaret Pace Park, and just minutes from Interstate 395, the property benefits from both high visibility and accessibility to Miami’s most desirable submarkets.

Investment highlights

  • Established Fitness Tenant - 10+ Years at Site–Highly Rated, Locally Recognized Fitness Operator

  • Absolute Net Lease - Zero Landlord Responsibilities

  • Modern Commercial Condo - Approx. 9,650 SF–Including a 1,180 SF Terrace w/ Exclusive Use Rights Overlooking Bay

  • Densely Populated Area - Over 46,000 People Within 1 MI–AHHI of $95,000+ -Walking distance to Publix, Wynwood, and Downtown Miami

  • Qualifies For 100% Bonus Depreciation - Contact Listing Agent for Estimate Of Savings

  • 3% Annual Rent Increases - Hedge Against Inflation & Steady Income Growth

  • Prime Edgewater Location - Positioned Within Miami’s Premier Urban Waterfront Corridor–Steps From Biscayne Bay, Margaret Pace Park–Surrounded by Luxury Towers–1000+ Units Being Developed Within a 1 Mile Radius

Listing Contacts

SS
FL FL SL636794
Marcus & Millichap
AD
FL SL3071645
Marcus & Millichap
Listed by Marcus & Millichap

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$275,000.00
$22,916.67/mo

Valuation Metrics

0
DSCR
7.53%
Cap Rate
7.53%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Scott Sandelin
License
FL SL636794
Brokerage Address
2916 N Miami Ave
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591