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Leisure City Center 29345 SW 152nd Ave 18,691 SF 100% Leased Retail Building Homestead, FL 33033 $7,366,896 CAD ($394.14 CAD/SF) 8% Cap Rate
Investment Highlights
- 100% occupied with an 8.00% cap rate and built-in annual rent increases across all eight tenants.
- Recession-resistant, needs-based tenants generating consistent foot traffic from 155,000 residents within 3 miles.
- Prime infill location along a high-traffic Florida Turnpike corridor in one of South Florida's fastest-growing submarkets.
Executive Summary
The property is positioned along a primary corridor with access to the Florida Turnpike, allowing for easy connectivity throughout Miami-Dade. Surrounded by a mix of national retailers and neighborhood-serving businesses, the center is well located to benefit from continued population growth and consistent local neighborhood demand.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- ABA Daycare
- Educational Services
- -
- $49.11 CAD
- Modified Gross
- Aug 2030
- Fns Food Store Inc
- Retailer
- -
- -
- -
- -
- La Ranchera Meat Market
- Retailer
- -
- $42.29 CAD
- Modified Gross
- Jul 2027
-
- Information
- -
- -
- -
- -
Metro by T-Mobile began as General Wireless in 1994 before launching services in 2002. The company merged with T-Mobile US in 2013 and became a prepaid subsidiary under the T-Mobile network. Metro by T-Mobile targets budget-conscious consumers with affordable plans that include unlimited talk, text, and data. The company operates through physical stores only and offers value-added services like Amazon Prime subscriptions. Metro by T-Mobile uses T-Mobile's nationwide 5G infrastructure to provide wireless coverage.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| ABA Daycare | Educational Services | - | $49.11 CAD | Modified Gross | Aug 2030 | |
| Fns Food Store Inc | Retailer | - | - | - | - | |
| La Ranchera Meat Market | Retailer | - | $42.29 CAD | Modified Gross | Jul 2027 | |
|
|
Information | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The space offers end-cap exposure to the adjacent Exxon Gas Station for prime visibility, formerly built out as a 2nd generation restaurant but offering flexible options for a multitude of service-oriented retail and medical office operations.
| Space | Size | Space Use | Position | Available |
| 29353 | 2,772 SF | Restaurant | End Cap | Now |
29353
| Size |
| 2,772 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
29353
| Size | 2,772 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
The space offers end-cap exposure to the adjacent Exxon Gas Station for prime visibility, formerly built out as a 2nd generation restaurant but offering flexible options for a multitude of service-oriented retail and medical office operations.
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,127,564 CAD | |
| Land Assessment | $2,392,059 CAD | Total Assessment | $4,784,414 CAD |
Property Taxes
Presented by
Leisure City Center | 29345 SW 152nd Ave
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