33590 S Dixie Hwy - Freestanding FOR SALE


Florida City, FL 33034
$9,999,999 USD
786-522-7027
33590 S Dixie Hwy, Florida City, FL for Sale
$9,999,999 USD
Freestanding - FOR SALE
1/11
null | 6.45% Cap Rate

33590 S Dixie Hwy
Florida City, FL 33034


HIGHLIGHTS

  • Corporately Guaranteed by Best Buy | S&P Credit Rating BBB+
  • 180 Surface Parking Spaces | Ratio of 5.88 Per 1,000 Sq. Ft |  3.29 Acre Parcel (143,312 SF)
  • Situated on a Signalized Intersection, Directly Off of the Florida Turnpike, Exposed to Over 40,500 Vehicles Per Day on Us-1
  • 15 Years of Operational History at This Location- Recently Exercised a 5-year Extension Demonstrating Their Commitment to the Area
  • Spur of Upcoming Residential Developments in the Nearby Area Totaling over 4,000 Single Family Homes
  • Last Exit Before the Stretch to the Florida Keys | Surrounded by National Retailers such as Walmart, Aldi's, Starbucks, Home Depot, Bj's Wholesale

OVERVIEW

Marcus & Millichap is pleased to present for sale a NNN leased, investment-grade (S&P: BBB+), corporate-guaranteed Best Buy located at 33590 S Dixie Hwy, Florida City, FL 33034. This asset features a 4+ year lease with two five-year options remaining. The property comprises a 30,000 SF building situated on 143,390 SF (3.29 acres) of commercially zoned (C-2) land. Strategically positioned at a signalized corner off highway US-1, with 40,500 vehicles passing daily, the property enjoys exceptional visibility. Its proximity to the Florida Turnpike, which accommodates over 50,300 vehicles daily, further enhances its appeal and accessibility. The property benefits from a synergistic mix of neighboring retailers, including Walmart, Aldi, Starbucks, Home Depot, BJ's Wholesale, and Nike Outlet Mall, among others. This Best Buy real estate asset offers a secure investment opportunity with a Triple Net Lease structure and 15% rental increases every five years. Situated in a densely populated and growing area of Florida City, FL, the site boasts an infill population of 87,982 residents within a three-mile radius. Additionally, nearly 4,000 + residential units have been proposed in the past year, laying the foundation for a steady and loyal customer base, further solidifying the investment's stability and growth potential.

FOR SALE DETAILS

PRICE

$9,999,999 USD

PRICE/SF

$333 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Buy Florida City on US-1 (Miami MSA)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

LAND ACRES

3.29 AC

LAND SF

143,312 SF

ZONING

C-2

APN/PARCEL ID

16-7919-000-0010

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

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Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.