2800 8th St Homestead, FL 33033-5695

This exceptional investment opportunity presents a fee-simple, 14,820 square-foot Walgreens, situated on a 1.81-acre lot in Homestead, Florida. The property boasts a newly executed 13-year absolute NNN lease (expiring August 31, 2035), providing a strong, long-term income stream. The lease includes a corporate guarantee from Walgreens (NYSE: WBA) and features 5% rent bumps every five years, ensuring consistent growth. Located at a hard-signalized intersection with over 43,400 vehicles daily, and strategically positioned along the Ronald Reagan Turnpike's entrance/exit ramps (75,600 vehicles daily), this property benefits from exceptional visibility and high traffic counts. The building, constructed in 2007, is an outparcel to a Publix-anchored center, further enhancing its desirability. Its proximity to a 147+ bed Baptist Health Homestead Hospital and a planned 20-acre mixed-use development with 350+ apartments and retail space adds significant value. The property's drive-thru pharmacy caters to high consumer demand. With a current NOI of $429,780 and a 6.50% cap rate, this is a compelling investment opportunity in a rapidly growing area, just 20 miles from Downtown Miami, in a state with no income tax. The lease includes twelve five-year options to extend, providing long-term security and potential for future appreciation. This single-tenant, 100% occupied property offers a rare combination of stability, growth potential, and a prime location.