Skip to main content

Shopping Strip

Homestead New Construction Strip Center

3320 NE 8th St, Homestead, FL 33033

Listing Price: $5,428,000

Cap Rate
5.25%
Gross SF
7,304
Rentable SF
7,304
Price/Gross SF
$743.15
Lot Size
1.20 acres
Year Built
2021

Investment Overview

Marcus and Millichap is proud to exclusively market the Homestead New Construction Strip Center, a 7,304 square foot outparcel retail building located on busy Campbell Drive in eastern Homestead, one of Miami-Dade counties most rapidly growing submarkets. The property has excellent visibility and sits in front of Crystal Lake Shopping Center, a grocery anchored shopping center that was also constructed a few years ago. The subject property has four tenants, all with long term NNN leases. Anchored by Vicky Bakery, a well-known, 25-unit South Florida bakery institution, the tenant roster also includes Jersey Mike’s, Poke 1800 restaurant and a dental office known as Denvest, which has one other location in Homestead. This portion of Homestead, just east of the Florida Turnpike has recently seen an explosion in multifamily and home building, which has also spiked the demand for retail. The subject property is ideally located across the street from the Homestead Baptist Hospital and within a minute east of Florida’s Turnpike. Campbell drive is one of the main commercial corridors in the growing Homestead submarket. This is an ideal investment for a Buyer looking for new construction retail, minimal management responsibilities, long term leases, and aggressive base rental increases.

Investment Highlights

  • Miami-Dade County New Construction, Grocery Shadow Anchored Strip Center
  • Outparcel to Crystal Lake Shopping Center, which is anchored by Presidente Supermarket and 24 Hour Fitness
  • 100% Occupied with Strong Weighted Average Lease Term (WALT) of 8.5 Years

Exclusively Listed By

Financing By

Shopping Strip

Homestead New Construction Strip Center

Listing Price: $5,428,000

Cap Rate
5.25%
Gross SF
7,304
Rentable SF
7,304
Price/Gross SF
$743.15
Lot Size
1.20 acres
Year Built
2021

Investment Highlights

  • Miami-Dade County New Construction, Grocery Shadow Anchored Strip Center
  • Outparcel to Crystal Lake Shopping Center, which is anchored by Presidente Supermarket and 24 Hour Fitness
  • 100% Occupied with Strong Weighted Average Lease Term (WALT) of 8.5 Years

Investment Overview

Marcus and Millichap is proud to exclusively market the Homestead New Construction Strip Center, a 7,304 square foot outparcel retail building located on busy Campbell Drive in eastern Homestead, one of Miami-Dade counties most rapidly growing submarkets. The property has excellent visibility and sits in front of Crystal Lake Shopping Center, a grocery anchored shopping center that was also constructed a few years ago. The subject property has four tenants, all with long term NNN leases. Anchored by Vicky Bakery, a well-known, 25-unit South Florida bakery institution, the tenant roster also includes Jersey Mike’s, Poke 1800 restaurant and a dental office known as Denvest, which has one other location in Homestead. This portion of Homestead, just east of the Florida Turnpike has recently seen an explosion in multifamily and home building, which has also spiked the demand for retail. The subject property is ideally located across the street from the Homestead Baptist Hospital and within a minute east of Florida’s Turnpike. Campbell drive is one of the main commercial corridors in the growing Homestead submarket. This is an ideal investment for a Buyer looking for new construction retail, minimal management responsibilities, long term leases, and aggressive base rental increases.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower