66 State Highway 20 E - Convenience Store FOR SALE


Freeport, FL 32439
$2,484,000 USD
954-703-3602
66 State Highway 20 E, Freeport, FL for Sale
$2,484,000 USD
Convenience Store - FOR SALE
1/6
null | 6.75% Cap Rate

66 State Highway 20 E
Freeport, FL 32439


HIGHLIGHTS

  • 7+ Years Remaining | Corporate Guaranteed | Scheduled Rent Increases | Dollar Tree Acquisition
  • Hard Corner Intersection | Strong National/Credit Tenant Presence | Excellent Visibility & Access
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities

OVERVIEW

• Tenant currently has 7+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease is signed by Family Dollar Stores of Florida, LLC • Guaranteed by Family Dollar Stores, Inc. • On July 7, 2025, Dollar Tree, Inc. (NASDAQ: DLTR) announced the completion of the previously announced sale of its Family Dollar business segment to Brigade Capital Management, LP and Macellum Capital Management, LLC • The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,484,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Freeport FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

GC

APN/PARCEL ID

15-1S-19-23040-008-0030

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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