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Family Dollar - Freeport FL 66 State Highway 20 E 13,500 SF Retail Building Freeport, FL 32439 $2,484,000 ($184/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining | Corporate Guaranteed | Scheduled Rent Increases | Dollar Tree Acquisition
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Hard Corner Intersection | Strong National/Credit Tenant Presence | Excellent Visibility & Access
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
EXECUTIVE SUMMARY
• Tenant currently has 7+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is signed by Family Dollar Stores of Florida, LLC
• Guaranteed by Family Dollar Stores, Inc.
• On July 7, 2025, Dollar Tree, Inc. (NASDAQ: DLTR) announced the completion of the previously announced sale of its Family Dollar business segment to Brigade Capital Management, LP and Macellum Capital Management, LLC
• The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation
• The lease is signed by Family Dollar Stores of Florida, LLC
• Guaranteed by Family Dollar Stores, Inc.
• On July 7, 2025, Dollar Tree, Inc. (NASDAQ: DLTR) announced the completion of the previously announced sale of its Family Dollar business segment to Brigade Capital Management, LP and Macellum Capital Management, LLC
• The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,500 SF
Building Class
B
Year Built/Renovated
1986/2023
Price
$2,484,000
Price Per SF
$184
Cap Rate
6.75%
NOI
$167,670
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.35 AC
Zoning
GC - General Commercial
Parking
62 Spaces (4.59 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-1S-19-23040-008-0030 | Improvements Assessment | $978,873 |
| Land Assessment | $267,250 | Total Assessment | $1,246,123 |
PROPERTY TAXES
Parcel Number
15-1S-19-23040-008-0030
Land Assessment
$267,250
Improvements Assessment
$978,873
Total Assessment
$1,246,123
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
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Family Dollar - Freeport FL | 66 State Highway 20 E
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