881 N State Road 21 - Freestanding FOR SALE
Melrose, FL 32666 |
$1,250,000 USD
813-725-2182
881 N State Road 21
Melrose, FL 32666
HIGHLIGHTS
- ATTRACTIVE RENT AND PRICE BASIS: Leased at a below-market rental rate of $95,067 annually ($10.07/SF)
- INVESTMENT GRADE CORPORATE GUARANTEE: Lease backed by Dollar Tree, Inc., an S&P-rated BBB and Moody’s Baa2 investment-grade entity
- ABSOLUTE NNN LEASE WITH CPI-LINKED INCREASES (RARE): Corporate-guaranteed, absolute triple-net lease structure with over four years remaining
- STABLE IN-PLACE CASH FLOW: The property delivers a strong and consistent net operating income of $95,067 annually
- RECESSION-RESISTANT RETAILER: Family Dollar’s value-focused model provides essential goods at accessible price points
- FLORIDA INCOME TAX ADVANTAGE: Situated in income tax-free Florida, providing investors with a favorable tax environment
FOR SALE DETAILS
PRICE
$1,250,000 USD
PRICE/SF
$132 USD /SF
CAP RATE
7.61%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
2.96 AC
LAND SF
128,938 SF
ZONING
-
APN/PARCEL ID
18-09-23-0000-0753-0040
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
813-725-2182
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
813-725-2182
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
