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Family Dollar 17 W Washington St 10,104 SF Retail Building Chattahoochee, FL 32324 $1,558,519 ($154.25/SF) 6.75% Cap Rate
Investment Highlights
- Early corporate lease extension — fresh 10-year term through September 30, 2036
- NN lease — landlord responsible only for roof and structure
- Corporate guarantee backed by Family Dollar Stores of Florida, LLC
- 6.75% cap rate priced at $1,558,518 with $105,200 guaranteed annual rent
- 30 years of options remaining with 5% rent increases at each option period
- Cross-border Florida-Georgia location drawing consistent consumer base
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,104 SF
Year Built
2020
Price
$1,558,519
Price Per SF
$154.25
Cap Rate
6.75%
NOI
$105,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.87 AC
Zoning
COMMERCIAL (B-1)
Parking
42 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
60’ on WASHINGTON ST
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,026,288 | |
| Land Assessment | $87,025 | Total Assessment | $1,113,313 |
Property Taxes
Parcel Numbers
Land Assessment
$87,025
Improvements Assessment
$1,026,288
Total Assessment
$1,113,313
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