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21 S Krome Ave 10,078 SF 100% Leased Retail Building Homestead, FL 33030 $4,252,290 CAD ($421.94 CAD/SF) 5.40% Cap Rate
Investment Highlights
- Seller Financing
- Triple Net Leases
- Fully Leased
- Recertification Completed
Executive Summary
Investment Opportunity – Fully Leased Retail Center in Downtown Homestead.? Rare opportunity to acquire a fully leased neighborhood retail center located on highly visible Krome Avenue in the heart of Homestead's commercial corridor.? The property consists of approximately 12,848 square feet situated on a 13,735-square-foot corner parcel and is currently 100% occupied by eleven tenants operating under NNN lease structures.? The property provides investors with immediate cash flow from a diversified tenant mix.? The building has completed its 10-Year Recertification, reducing near-term capital expenditure concerns and enhancing long-term ownership stability.? Strategically positioned along one of Homestead's primary commercial thoroughfares, the property benefits from strong visibility, consistent traffic counts, established surrounding businesses, and continued residential and commercial growth throughout South Miami-Dade County.?
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,078 SF
Building Class
C
Year Built
1945
Price
$4,252,290 CAD
Price Per SF
$421.94 CAD
Cap Rate
5.40%
NOI
$229,624 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.91 AC
Opportunity Zone
Yes
Zoning
B-1 - B-1 Restricted Retail Commercial District, per the city of Homestead.
Frontage
233’ on S Krome Ave
Amenities
- Corner Lot
- Courtyard
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- El Toro Taco
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| El Toro Taco | Retailer | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-7918-000-0100 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $376,216 CAD |
Property Taxes
Parcel Number
10-7918-000-0100
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$376,216 CAD
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21 S Krome Ave
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