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Family Dollar - Pierson FL 103 N Center St 10,500 SF Retail Building Pierson, FL 32180 $2,049,000 ($195.14/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 8+ Years Remaining | Corporate Guaranteed | Scheduled Rent Increases | Dollar Tree Acquisition
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Along N Center St (8,300 VPD) | Limited Competition | Nearby Schools | Excellent Visibility & Access
- Local Demographics Within 10-Mile Trade Area
EXECUTIVE SUMMARY
• Tenant currently has 8+ years remaining on their initial lease with 5 (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
• 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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built/Renovated
2009/2024
Price
$2,049,000
Price Per SF
$195.14
Cap Rate
6.75%
NOI
$138,285
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.69 AC
Zoning
B1 - General Commercial Development
Parking
42 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
98’ on Center St
AMENITIES
- Monument Signage
PROPERTY TAXES
| Parcel Number | 4834-11-00-0030 | Improvements Assessment | $765,806 |
| Land Assessment | $88,235 | Total Assessment | $854,041 |
PROPERTY TAXES
Parcel Number
4834-11-00-0030
Land Assessment
$88,235
Improvements Assessment
$765,806
Total Assessment
$854,041
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Family Dollar - Pierson FL | 103 N Center St
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