For Sale
$9,999,999

33590 Dixie HwyFlorida City, FL 33034

High-yield, corporate-guaranteed Best Buy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 30,000-square-foot Best Buy storefront on a 3.29-acre lot in Florida City, Florida. The property boasts a strong 6.45% cap rate and a substantial net operating income (NOI) of $645,000. The current lease, a triple-net (NNN) agreement with a corporate guarantee from Best Buy (S&P: BBB+), has a remaining term of approximately 4.4 years, with two 5-year renewal options. The building, constructed in 2008, sits on a highly visible, signalized corner of US-1, experiencing over 40,500 vehicles daily, and benefits from proximity to the Florida Turnpike (over 50,300 vehicles daily). The location enjoys excellent synergy with neighboring retailers including Walmart, Aldi, Starbucks, Home Depot, BJ's Wholesale, and a Nike Outlet Mall. Ample parking is provided with 180 spaces. The property's location within a densely populated area (87,982 residents within a three-mile radius) and the planned addition of over 4,000 residential units further enhance its long-term value. The asking price is $9,999,999, translating to $333.33 per square foot and $71.97 per square foot for the land. The property's APN is 16-7919-000-0010 and is zoned 16-7919-000-0010. This is a rare opportunity to acquire a high-performing, corporate-guaranteed retail asset with significant upside potential.

Highlights

  • Best Buy corporate guarantee, S&P BBB+ rating.
  • Ample parking: 180 spaces (5.88/1,000 sq ft), 3.29-acre site.
  • High visibility: Signalized intersection off Florida Turnpike, 40,500+ VPD on US-1.
  • Established tenant: 15+ years, recently extended lease for 5 years.
  • Strong growth potential: Surrounding area experiencing significant residential development (4,000+ homes).

Property Details for 33590 Dixie Hwy

Property type
Retail properties, Retail space
Square Feet
30,000 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
143,312 SF
Units
1

Location Insight

City
Florida City
County
Miami-Dade
State
Florida
Latitude
25.4555446
Longitude
-80.4766259
33590 Dixie Hwy, Florida City, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
33590 Dixie Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message