8292 E US Highway 90 - Convenience Store FOR SALE


Lee, FL 32059
$1,229,000 USD
678-808-2762
8292 E US Highway 90, Lee, FL for Sale
$1,229,000 USD
Convenience Store - FOR SALE
1/3
null | 8.49% Cap Rate

8292 E US Highway 90
Lee, FL 32059


OVERVIEW

RARE NNN CORPORATE LEASE WITH 10% RENT INCREASE NEXT YEAR • The subject property has a corporate guaranteed NNN lease with 6 years remaining, with a 10% rent increase in 2026 which will increase your return by 84 basis points. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 10% rent increases in each of the six, 5-year option periods. NEAR TALLAHASSEE, FL | CAPITAL OF FL • This Dollar General is located 40 miles east of downtown Tallahassee off Interstate 10 (70,000 VPD) • Tallahassee is the capital of Florida and is the largest city in the Florida Panhandle region. • As the capital, Tallahassee is the site of the Florida State Capitol, Supreme Court of Florida, Florida Governor’s Mansion, and nearly 30 state agency headquarters. • Tallahassee is home to one of the most competitive collegiate athletics programs in the nation, the Florida State Seminoles of Florida State University (45,493 Students). • Florida State football games bring in a significant amount of tourism to Leon County, which has a $95 million economic impact annually. • The Tallahassee International Airport supports over 66,800 aircraft operations and 864,432 passengers per year. INTERSTATE LOCATION • The subject property is located off Interstate 10 (70,000 VPD). • The interstate from Jacksonville, FL to Los Angeles, CA. LOW RENT & PRICE POINT STORE • The subject property has a low rent $104,385 ($12.54/SF) that equates to a low price of $1,229,000. FLORIDA IS A TAX FREE STATE • Florida is one of seven states that have no income tax. • Florida also has no estate tax. FAMILY DOLLAR HAS OVER 7,625 STORES IN 49 STATES • Family Dollar has over 7,625 stores across 49 states and territories in the United States. • The 2nd most Family Dollar locations are in FL, with 510 stores in the state. • Family Dollar has been in business for 65 years and has a net worth of over $30.6 billion (2024).

FOR SALE DETAILS

PRICE

$1,229,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

8.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

Commercial

APN/PARCEL ID

11-1S-10-1146-000-000

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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