1191-1195 US Highway 1
Vero Beach, FL 32960
Dollar Tree · Retail Property For Sale
Investment Highlights
- Dollar Tree Stores, Inc. Corporate Guaranteed Lease (NASDAQ: DLTR)
- Strong Operating History with Three 5-Year Renewal Options with Scheduled Increases
- Robust Demographics in Surrounding Area Annual Growth Rate of 1.35% within 5 Miles of Site
- Pandemic Proof Tenant Offering “Essential” Goods & Services
- Ideal Low Management Investment for a Passive, Out-of-State Investor
- Popular Tourist Destination with More than 26 Miles of White Sandy Beaches Along Florida’s Treasure Coast
Executive Summary
The subject property is prominently situated with excellent access and visibility at the lighted intersection of U.S. Highway 1 (25,000 AADT) and 12th Street (16,000 AADT). U.S. Highway 1 is a main thoroughfare that runs along the entire coastline of Florida from Key West to its crossing of the St. Mary’s River into Georgia north of Boulogne –and south of Folkston. The site is strategically situated within a dense retail corridor across from 12th Street Plaza, an established 138k SF Community Shopping Center anchored by Publix, Stein Mart and Planet Fitness. Additional retailers in the surrounding area include: Wal-Mart Neighborhood Market, Wawa, Popeye’s Kitchen, Taco Bell, Goodwill, O’Reilly Auto Pats, Starbucks, Chase Bank, TD Bank, Five Guys, Advance Auto Parts, IHOP, McDonald’s, Burger King, Wells Fargo and more. In addition, the property is located just over 12 miles from the Disney Vero Beach Resort, a popular tourist destination and a hub for water sports, upscale shopping, fine art galleries, theatre & more. The property also benefits from robust demographics with over 89,000 people and 39,000 households in a five-mile radius. The average household income in a five mile radius is $81,218. This property is listed in conjunction with Florida-licensed real estate broker Robert Long.
Property Facts
| Property Type | Retail | Year Built | 1974 |
| Property Subtype | Storefront | Parking Ratio | 12.13/1,000 SF |
| Building Class | C | Clear Ceiling Height | 12’ |
| Lot Size | 2.00 AC | No. Dock-High Doors/Loading | 1 |
| Gross Leasable Area | 9,234 SF | APN / Parcel ID | 33-39-12-00053-0000-00001.0 |
| No. Stories | 1 | ||
| Zoning | CG - The Property is zoned as an Office Condo with General Commercial Use as a Dollar Tree or similar retail use. | ||
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | C |
| Lot Size | 2.00 AC |
| Gross Leasable Area | 9,234 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 12.13/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 1 |
| APN / Parcel ID | 33-39-12-00053-0000-00001.0 |
| Zoning | CG - The Property is zoned as an Office Condo with General Commercial Use as a Dollar Tree or similar retail use. |
Amenities
- Corner Lot
- Signalized Intersection
