33590 S Dixie Hwy | Florida City, FL 33034
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33590 S Dixie Hwy
Florida City, FL 33034
Best Buy Florida City on US-1 (Miami MSA) · Retail Property For Sale
Investment Highlights
- Corporately Guaranteed by Best Buy | S&P Credit Rating BBB+
- Situated on a Signalized Intersection, Directly Off of the Florida Turnpike, Exposed to Over 40,500 Vehicles Per Day on Us-1
- Spur of Upcoming Residential Developments in the Nearby Area Totaling over 4,000 Single Family Homes
- 180 Surface Parking Spaces | Ratio of 5.88 Per 1,000 Sq. Ft | 3.29 Acre Parcel (143,312 SF)
- 15 Years of Operational History at This Location- Recently Exercised a 5-year Extension Demonstrating Their Commitment to the Area
- Last Exit Before the Stretch to the Florida Keys | Surrounded by National Retailers such as Walmart, Aldi's, Starbucks, Home Depot, Bj's Wholesale
Executive Summary
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
30,000 SF
Building Class
C
Year Built
2008
Price
$9,999,999
Price Per SF
$333
Cap Rate
6.45%
NOI
$645,000
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
3.29 AC
Zoning
C-2
Parking
180 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
274 FT on S Dixie Hwy
Amenities
- Bus Line
PROPERTY TAXES
| Parcel Number | 16-7919-000-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,048,000 |
PROPERTY TAXES
Parcel Number
16-7919-000-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,048,000
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