33590 S Dixie Hwy · Homestead, FL 33034 · Grocery / Big Box
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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
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.
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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.