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14645 7th St 9,301 SF Retail Building Dade City, FL 33523 $2,225,000 ($239.22/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Absolute NNN Lease – Zero Landlord Responsibilities: Tenant handles all expenses including taxes, insurance, and maintenance, offering truly passive income with minimal management required.
Ideal Dollar Store Location: Located 20 minutes of the nearest Walmart, Adjacent to Lake Whitney and the Brazos River Provide constant Population Traffic.
Corporate guarantee from Dollar General (NYSE: DG): backed by Dollar General Corporation, one of the nation’s largest and most recognized retailers with over 19,000 locations across 47 states
Tenant Just Exercised their Option with No Reduction in Rent showing their Commitment to the Site
The store is situated on US Highway 301 in Dade City, (With a VPD of 20,000) a market benefiting from population growth and inbound migration in the broader Tampa Bay region
Ideal Dollar Store Location: Located 20 minutes of the nearest Walmart, Adjacent to Lake Whitney and the Brazos River Provide constant Population Traffic.
Corporate guarantee from Dollar General (NYSE: DG): backed by Dollar General Corporation, one of the nation’s largest and most recognized retailers with over 19,000 locations across 47 states
Tenant Just Exercised their Option with No Reduction in Rent showing their Commitment to the Site
The store is situated on US Highway 301 in Dade City, (With a VPD of 20,000) a market benefiting from population growth and inbound migration in the broader Tampa Bay region
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,301 SF
Building Class
B
Year Built
2011
Price
$2,225,000
Price Per SF
$239.22
Cap Rate
6%
NOI
$133,457
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.34 AC
Zoning
CG
Parking
20 Spaces (2.15 Spaces per 1,000 SF Leased)
Frontage
175’ on 7th
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar General
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar General | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-24-21-0460-00900-0000 | Improvements Assessment | $721,038 |
| Land Assessment | $284,360 | Total Assessment | $1,005,398 |
PROPERTY TAXES
Parcel Number
27-24-21-0460-00900-0000
Land Assessment
$284,360
Improvements Assessment
$721,038
Total Assessment
$1,005,398
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14645 7th St
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