4235 Palm Beach Blvd - Freestanding FOR SALE


Fort Myers, FL 33905
$2,675,000 USD
631-572-1428
4235 Palm Beach Blvd, Fort Myers, FL for Sale
$2,675,000 USD
Freestanding - FOR SALE
1/10
null | 6.75% Cap Rate

4235 Palm Beach Blvd
Fort Myers, FL 33905


HIGHLIGHTS

  • Freestanding 12,657 SF building on 1.4-acre lot with excellent visibility and parking.
  • High-traffic location: Over 30,700 VPD on Palm Beach Blvd (SR-80), surrounded by national retailers (McDonald's, Walgreens, Dunkin', Wells Fargo, CVS,
  • Strong demographics: Rapid population growth (3.6%-3.8% annually projected 2023-2028) in a dense retail corridor near I-75.
  • Store Performance: Ranks in the 86th percentile nationwide (AlphaMap data).

OVERVIEW

Presenting an outstanding single-tenant net-leased investment opportunity at 4235 Palm Beach Blvd, Fort Myers, FL 33905—a freestanding 12,657 SF Dollar Tree store on a 1.4-acre lot, priced at $2,675,000 with a 6.75% cap rate. This high-performing location ranks in the 86th percentile nationwide per AlphaMap data and benefits from exceptional visibility with over 30,700 vehicles per day on Palm Beach Blvd (SR-80), surrounded by national retailers including McDonald's, Walgreens, Dunkin', Wells Fargo, CVS, Dollar General, Popeyes, and AutoZone in a dense, growing retail corridor near I-75. The NN lease (landlord responsible only for roof and structure) features current annual rent of $180,669, expiration on 7/31/2031, two 5-year renewal options, and 5% increases every 5 years, delivering passive income with built-in growth and minimal obligations. Backed by investment-grade tenant Dollar Tree, Inc. (NASDAQ: DLTR; S&P BBB, stable outlook)—a Fortune 200 discount retailer now focused solely on its core brand with over 9,000 stores and projected FY2025 revenue of approximately $19.4 billion post-Family Dollar divestiture—this turnkey asset in booming, income tax-free Florida offers strong demographics (3.6%-3.8% annual population growth projected through 2028) and ideal appeal for 1031 exchanges or portfolio enhancement. Contact Silber Investment Properties at (516) 864-8000 or www.SilberProperties.com for details; information subject to verification and offered subject to prior sale or withdrawal.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

C1

APN/PARCEL ID

08-44-25-P2-00066.0000

ASK ABOUT THIS PROPERTY

Nicolas AnzaloneSilber Investment Properties, LTDMore Info
631-572-1428

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Nicolas AnzaloneSilber Investment Properties, LTDMore Info
631-572-1428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.