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TD Bank Absolute NNN

6601 South Dixie Highway · Miami, FL 33143 · Banking / Financial

Asking price
$9,196,000
Cap rate
5.00%
NOI
$459,800

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Lease

Lease typeAbsolute NNN
Term remaining7.1 yrs
Expiration08/2033
Rent bumps10% Every 5 Years
OptionsFour 5-Year Options
Ground leaseNo
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,960
Price / SF$3,107
Year built2018
Lot size0.60 ac
TypeBank, Storefront
Days on market77

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Corporate Guarantee | “AA-” Credit Rating by S&P
  • ​Absolute NNN Lease | Zero Landlord Responsibility
  • ​Very Strong Deposits | Exceeding $189,000,000 Annually
  • ​Hard Corner Signalized Intersection with Great Visibility | 88,569 VPD
  • ​Within One of Miami Dade’s Most Dynamic & High-Performing Retail Corridors
  • ​Strategically Located Along US Highway 1 | Major Statewide Thoroughfare
  • ​Steps Away from Dadeland Station | Prominent Power Center Anchored by Best Buy, Target, Michaels, and more
  • ​Proximity to South Miami Hospital | Full-Service Baptist Health Facility w/ 230+ Beds
  • ​Dense and Affluent Market | AAHI Exceeds $150,000 in 3-Mile Radius
  • ​Near Dadeland Mall | One of South Florida's Premier Regional Malls - 1.4M SF of Retail & Millions of Annual Visitors
  • ​Steps Away from Dadeland North Metrorail Station | 1.5+ Million Riders Annually
  • ​Proximity to Plethora of Residential Communities | 2K Units Within Walking Distance
  • ​Located Minutes from Downtown Miami

Property overview

Marcus & Millichap is pleased to exclusively present for sale this absolute net-leased TD Bank

located at 6601 S Dixie Highway in Miami, Florida.​ Positioned along the highly trafficked U.​S.​

Highway 1 corridor, the property benefits from excellent visibility, exceptional access, and is

located just minutes from Downtown Miami.​ The subject property features a 3,500-square foot

freestanding building with multiple drive-thru lanes and is situated on a 0.60-acre parcel with

ample dedicated parking.​

Strategically located at the hard signalized intersection of SW 67th Street and U.​S.​ Highway 1,

the property enjoys strong exposure to over 88,569 vehicles per day along one of the region’s

most vital commercial corridors.​ U.​S.​ 1 runs the length of the state and is characterized by a

diverse mix of national and regional retailers, robust consumer traffic, and proximity to a dense

collection of residential neighborhoods.​

The TD Bank is situated within a dense and affluent market, with over 100,000 full-time

residents within a three-mile radius and an average household income exceeding $150,000.​ It

also sits in one of Miami-Dade’s most dynamic and high-performing retail corridors.​ Just steps

away is the Dadeland North Metrorail Station, which serves more than 1.5 million riders annually

and enhances both pedestrian and commuter traffic.​ The property is also directly adjacent to

Dadeland Station, a prominent power center anchored by Best Buy, Target, Michaels, and other

national retailers, positioning the asset within a well-established and heavily visited retail

destination.​ Less than a mile south lies Dadeland Mall, one of South Florida’s premier regional

malls with over 1.4 million square feet of retail space and millions of annual visitors.​

The surrounding area is densely developed with a strong mix of residential and commercial uses.​

Notable nearby multifamily communities include The Palmer Dadeland, AMLI Joya, AMLI

Dadeland, Colonnade at Dadeland, Granada Dadeland, and others—collectively delivering more

than 2,000 residential units within walking distance.​ The site is also in close proximity to South

Miami Hospital, a full-service Baptist Health facility with over 230 beds.​ Additionally, the

property offers convenient access to multiple major highway systems, including the Palmetto

Expressway (SR 826), U.​S.​ Highway 1 (South Dixie Highway), and Snapper Creek Expressway (SR

878), providing outstanding regional connectivity.​ The area will also benefit from the planned

redevelopment of Sunset Place into a large-scale, mixeduse project featuring residential, hotel,

and retail components.​ This confluence of density, national tenancy, transit and highway access,

and future development makes the South Dixie/US-1 corridor one of the most resilient and

desirable retail submarkets in South Florida.​

TD Bank entered into a brand-new 20-year absolute net ground lease in 2013, with the initial

term extending through October 31, 2033.​ The lease includes four five-year renewal options and

features 10% rental increases every five years throughout the base and option periods.​ The lease

is structured as an absolute NNN ground lease with zero landlord responsibilities and is

corporately guaranteed by TD Bank, one of the largest financial institutions in North America.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.