2601 9th Ct Homestead, FL 33033-4723

This exceptional investment opportunity presents a 6,000 square foot, freestanding retail storefront in Homestead, Florida, currently leased to Pediatric Associates under a 10.1-year Net Lease agreement commencing May 9, 2024, and expiring May 31, 2034. The property boasts a strong 5.50% cap rate and a substantial Net Operating Income (NOI) of $270,000. The lease includes a corporate guarantee from Pediatric Associates Holding Company, LLC, providing significant financial security. Built in 2024, this newly constructed building sits on a 0.98-acre lot and benefits from a strategic location as a Target outparcel, adjacent to the Homestead Pavilion, a 395,000+ square foot power center anchored by Sprouts Farmers Market and featuring other national retailers like Kohl's, TJ Maxx, Planet Fitness, Ross Dress for Less, and Petco. This creates a synergistic environment with high foot traffic and strong consumer demographics. The lease features attractive 3% annual rent bumps throughout the initial term and two 5-year renewal options, ensuring consistent income growth. This is a rare opportunity to acquire a high-performing, net-leased property with a long-term tenant and significant upside potential in a thriving retail corridor. The property address is 2601 NE 9th Ct, Homestead, FL 33033, in Miami-Dade County. The asking price is $4,910,000.