15965 E Highway 40 | Silver Springs, FL 34488
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15965 E Highway 40
Silver Springs, FL 34488
FAMILY DOLLAR · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ATTRACTIVE RENT INCREASES: This lease includes an attractive 10% rent increase in year 11 of the primary lease term
- INVESTMENT GRADE CREDIT: The lease is guaranteed by Family Dollar Stores
- STRATEGIC LOCATION ON A STRONG RETAIL CORRIDOR: This site is strategically located along FL-40 surrounded by other national tenants
- ABSOLUTE NNN LEASE: Tenant is responsible for all operating expenses and maintenance
- E-COMMERCE AND RECESSION RESISTANT TENANT: Family Dollar excels in markets across middle America where incomes might be moderate
- INCOME TAX FREE STATE: Florida is an income tax free state
PROPERTY FACTS
Property Type
Retail
Building Size
9,294 SF
Building Class
C
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.26 AC
Zoning
B4
Parking
27 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
192’ on Florida 40
PROPERTY TAXES
| Parcel Number | 32391-005-01 | Improvements Assessment | $641,024 |
| Land Assessment | $194,712 | Total Assessment | $835,736 |
PROPERTY TAXES
Parcel Number
32391-005-01
Land Assessment
$194,712
Improvements Assessment
$641,024
Total Assessment
$835,736
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