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    33590 Dixie Hwy Florida City, FL 33034

    Sponsored
    For Sale
    $9,999,999

    High-yield, corporate-guaranteed Best Buy.

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 33590 Dixie Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    30,000 SF
    Lot Size
    143,312 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    1

    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 Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florida City
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4766259
    Latitude
    25.4555446

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, corporate-guaranteed Best Buy.
    Where is this individual retail property located?
    The property is located at 33590 Dixie Hwy Florida City, FL.
    What is the asking price?
    The asking price for this property is $9,999,999.
    What are key features of this property?
    This property features: 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.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    33590 Dixie Hwy Florida City, FL 33034
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