3320 NE 8th Street - Homestead, FL 33033

Listing Price:	$4,750,000
CAP Rate:	6.00%
Lot Size:	1.20 Ares
Price per SF:	$650.33
Year Built:	2021
Rentable SF:	7,304 SF

INVESTMENT HIGHLIGHTS

• Miami-Dade County New Construction, Grocery Shadow Anchored Strip Center
• Outparcel to Crystal Lake Shopping Center, which is anchored by Presidente Supermarket and 24 Hour Fitness
• 100% Occupied with Strong Weighted Average Lease Term (WALT) of 8 Years
• Anchored by Vicky Bakery and Jersey Mike’s Subs
• All Leases are NNN and Have Aggressive Base Rental Increases

LOCATION HIGHLIGHTS

• East Homestead Submarket is Experiencing Huge Population Growth and Commercial Development
• Located on Busy Campbell Drive Across the Street from Homestead Baptist Hospital
• Blocks East of Ramp to Florida’s Turnpike
• Excellent Visibility and Access to Heavily Traveled Campbell Drive

PROPERTY DESCRIPTION

Marcus and Millichap is proud to exclusively market the Homestead New Construction Strip Center, a 7,304 square foot outparcel retailMarcus and Millichap is proud to exclusively market the Homestead New Construction Strip Center, a 7,304 square foot outparcel retailbuilding located on busy Campbell Drive in eastern Homestead, one of Miami-Dade counties most rapidly growing submarkets. Theproperty has excellent visibility and sits in front of Crystal Lake Shopping Center, a grocery anchored shopping center that was alsoconstructed a few years ago. The subject property has four tenants, all with long term NNN leases. Anchored by Vicky Bakery, a wellknown,25-unit South Florida bakery institution, the tenant roster also includes Jersey Mike’s, Poke 1800 restaurant and a dental officeknown as Denvest, which has one other location in Homestead.This portion of Homestead, just east of the Florida Turnpike has recently seen an explosion in multifamily and home building, whichhas also spiked the demand for retail. The subject property is ideally located across the street from the Homestead Baptist Hospital andwithin a minute east of Florida’s Turnpike. Campbell drive is one of the main commercial corridors in the growing Homestead submarket.This is an ideal investment for a Buyer looking for new construction retail, minimal management responsibilities, long term leases, andaggressive base rental increases.