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Views: 51 DOM: 155 Updated: 05.03.24 Posted: 12.13.23 Status: Active

Summary

Price $2,294,091
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 6.55%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 03-15-2024
#Units 1,200
Price/SF $218.48
Expiration 03-31-2034
Tenant Type Dollar/Discount
NOI $150,367
R. Term 9.10
Ownership Fee Simple
Rent/SF $14.32
Increases 0.0%/10/yrs
Pop 5Mi 5,521
Lot/AC 1.55
Options 4/5yrs
AHHI 5Mi $65,290

Lease Highlights

  • Brand-new 2024 construction
  • Family Dollar | Dollar tree has 9+ years remaining on the current lease term with 4 (5-year) options
  • Lease features $0.50/SF rental increase at the start of each option
  • Corporate guaranteed lease
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located on the hard corner intersection of W Highway 318 & Highway 441, boasting excellent visibility and a combined daily traffic count of 14,432 vehicles. The property holds a strategic placement, being less than 3 miles from Ocala Jai Alai Casino. Adjacent to a Circle K gas and convenience store, it provides the convenience of a 5-minute drive to...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 284 2,714 5,915
2023 Total Population : 302 2,794 6,039
2023 Employed Civilian Pop : 133 1,190 2,378
2023 Total Businesses : 8 110 211
2023 Average Household Income : $ 64,636 $ 77,422 $ 81,501
2023 Total Consumer Spending : $ 7 M $ 81 M $ 185 M
2023 Median Age : 51 49 49
2023 Total Households : 127 1,221 2,618
2023 Pop Age 25+: Bachelor's Degree : 32 231 547
2023 Average Home Value : $ 204,870 $ 280,537 $ 326,580
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N US Hwy 441 Old Dixie Rd 2007 9,700 0.23 mi
N US Hwy 441 NW Gainesville Rd 2008 7,300 0.95 mi
US 441 US Hwy 441 2021 8,400 1.05 mi
NW 193rd St 2022 8,400 1.05 mi
NW 70th Ave 2022 4,700 1.07 mi
CR 318 NW 66th Ter 2021 4,700 1.07 mi
NW 193rd St NW 191st LnRd 2008 600 1.39 mi
Northwest Gainesville Road NW 165th St 2020 9,600 1.48 mi
Northwest Gainesville Road N Hwy 441 2022 7,200 1.85 mi
CR 25A NW 44th Avenue Rd 2021 9,800 1.86 mi

Listing Broker

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