700 S Homestead Blvd
Homestead, FL 33030
O'Reilly Auto Parts: Homestead, FL · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 7,750-square-foot freestanding O’Reilly Auto Parts situated on 0.92 acres in Homestead, Florida, which is part of the South Florida MSA (Population: 6.0 million+). Homestead is a rapidly growing community just 34 miles southwest of Downtown Miami. O’Reilly Auto Parts’ new 20-year net lease, which is scheduled to commence in March 2019, will feature 5% rent increases in years 11 and 16, and also in each of the four 5-year renewal options. The property is located with ample access and visibility along South Dixie Highway (Traffic Count: 33,000 VPD), which provides direct access to Miami (30 miles north) and Key Largo (20 miles south). The site is strategically located diagonally across from Advance Auto Parts, Lighthouse Self Storage and Mobil Gas. O’Reilly benefits from its location within Homestead’s primary retail and commercial corridor with 4.5 MSF of retail, 1.1 MSF of office, 2.0 MSF of industrial and 11,309 multifamily units within a 3-mile radius. Major retailers within the immediate vicinity include Dunkin’ Donuts, Domino’s, Subway, AT&T, Dollar Tree, 7-Eleven, Sunbelt Rentals, Exxon, Sunoco, Home Depot, Walmart Supercenter, ALDI and Honda, among several others. Additionally, the property benefits from dynamic demographics within a population of 89,765 and average household income of $52,612 within a 3-mile radius.