The Parts House – NNN Industrial Building — Sale in Miami, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Miami, FL 33142
  • Year built: 1966

Investment Figures

Cap rate
5.81%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale, The Parts House (TPH), a rare 10,500 square foot industrial investment property located just east of Miami Airport in Miami, Florida. Investment Highlights: • Rare 10,500 SF Miami Net Leased Industrial Investment Property Located Just East of Miami Airport • The Parts House Tenant is a 200 Location National Auto Parts Dealer With Recently Extended 5 Year Base Term • TPH is a Wholly Owned Subsidiary of Marubeni Corporation, a Japanese Company with Market Capitalization of $60 Billion • Ideal Net Lease Structure with No Landlord Responsibilities and Aggressive 3% Annual Base Rental Increases • Building Located on NW 40th Street Just West of NW 27th Avenue and East of Miami InternationalAirport • Brand New Roof Recently Installed by Seller with 20 Year Roof Warranty • Easy Access to SR 112 Eastbound and Westbound Lanes

Market Context

This retail in Miami, FL is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1966. It has been on the market for 85 days. Compare it against other retail listings for sale in Miami, FL — view the full market.

As of Q4 2025, the Miami retail market showed a 3.1% vacancy rate, and rents up 1.4% year over year. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Miami retail market tightening or softening?
Vacancy is around 3.1%, with asking rents rising year over year (Q4 2025).

Estimated Market Rate

$393.47/SF – $532.34/SF

Mid: $462.90/SF

Rate estimator only; cost-of-business estimate unavailable.

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