Investment 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.