Best Buy – Florida City, FL

The Issenberg Britti Group of Surmount is pleased to present for sale this 30,000 square foot Best Buy located at 33590 South Dixie Highway in Florida City, Florida (Population 13,085) within the South Florida Metropolitan Area (Population 6.3 million). Florida City is the southernmost city on the U.S. mainland and serves as the primary gateway to the Florida Keys and Everglades National Park, drawing consistent tourism and commuter traffic through the corridor year-round.
The property sits directly off the Florida Turnpike at a signalized intersection along South Dixie Highway (US-1), a heavily trafficked commercial spine carrying in excess of 52,600 vehicles per day at the Turnpike interchange and over 31,000 vehicles per day along South Dixie Highway itself. Best Buy anchors Florida City Center, a well-tenanted power center alongside Class-A national retailers including Mattress Firm, AutoZone, Bank of America, Aldi, Panda Express, Supercuts and Jimmy John’s, and sits within the immediate trade area of Walmart, BJ’s Wholesale Club, The Home Depot, Largo Honda, and Golden Corral.
The surrounding trade area benefits from a dense residential base and continued rooftop growth, with numerous apartment communities nearby including Riverwalk II, River Oaks, Bonita Pointe, Redland Arms, Keys Apartments, San Sherri Apartments and Gateway Apartments, and new single-family home development ongoing at Sunscape, Le Jardine, Penn Cove, Saltaire and Banyan Cove, all by Lennar. A robust hospitality cluster surrounds the corridor as well, including Hampton Inn, Hilton Garden Inn, Uptown Suites, Home2 Suites, Fairfield Inn, Days Inn, Baymont and Travelodge, underscoring the corridor’s role as a lodging and staging point for Keys-bound travelers.
Within a 1-mile radius, the population has grown from 12,654 in 2020 to a projected 15,177 in 2024, with continued growth forecast to 16,684 by 2029. Average household income within 5 miles stands at $82,865, with household growth outpacing the broader region. Best Buy Co., Inc. is an American multinational electronics retailer headquartered in Richfield, Minnesota, operating over 1,117 locations across the United States and Canada, with annual net income exceeding $1.07 billion and more than 85,000 employees.

Investment Overview

Price$10,300,000.00
Cap Rate6.40%
NOI$660,000.00
Year Built2008
Lease ExpirationMarch 31, 2029

33590 South Dixie Highway
Florida City, FL 33034

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