Family Dollar 24701 SW 112th Ave 9,270 SF 4-Star Retail Building Homestead, FL 33032 $2,878,200 ($310.49/SF) 6% Cap Rate

INVESTMENT HIGHLIGHTS

  • Family Dollar's rent of $18.63/SF is below market and offers an investor potential future upside
  • Tenant self-maintains their parcel and reimburses landlord for RE Taxes and Insurance (2017 BTS for Family Dollar)
  • 52,500 VPD and shared traffic signal with Aldi, Wawa, Chick-fil-A and CVS
  • Rent increases in each 5 year option and will increase 10% in 2027 should tenant exercise their renewal option
  • Miami-Dade led the Nation in number of multifamily units under construction in 2023 and 2024 and thousands of singlefamily homes are in various stages
  • Family Dollar is a subsidiary of Dollar Tree Inc., a Fortune 200 company with over 15,500 stores in 48 states

EXECUTIVE SUMMARY

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this Net Leased Family Dollar in Miami, FL.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,270 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$2,878,200
Price Per SF
$310.49
Cap Rate
6%
NOI
$172,692
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.91 AC
Zoning
B1 - Commercial
Parking
6 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
85’ on Allapattah Rd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • Mar 2027

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net Mar 2027

PROPERTY TAXES

  • Listing ID: 34816105

  • Date on Market: 2/13/2025

  • Last Updated:

  • Address: 24701 SW 112th Ave, Homestead, FL 33032