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881 N State Road 21
Melrose, FL 32666
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ATTRACTIVE RENT AND PRICE BASIS: Leased at a below-market rental rate of $95,067 annually ($10.07/SF)
- ABSOLUTE NNN LEASE WITH CPI-LINKED INCREASES (RARE): Corporate-guaranteed, absolute triple-net lease structure with over four years remaining
- RECESSION-RESISTANT RETAILER: Family Dollar’s value-focused model provides essential goods at accessible price points
- INVESTMENT GRADE CORPORATE GUARANTEE: Lease backed by Dollar Tree, Inc., an S&P-rated BBB and Moody’s Baa2 investment-grade entity
- STABLE IN-PLACE CASH FLOW: The property delivers a strong and consistent net operating income of $95,067 annually
- FLORIDA INCOME TAX ADVANTAGE: Situated in income tax-free Florida, providing investors with a favorable tax environment
EXECUTIVE SUMMARY
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,440 SF
Building Class
C
Year Built
2014
Price
$1,188,337
Price Per SF
$125.88
Cap Rate
8%
NOI
$95,067
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.96 AC
Parking
17 Spaces (1.8 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 18-09-23-0000-0753-0040 | Improvements Assessment | $1,148,900 |
| Land Assessment | $139,240 | Total Assessment | $1,288,140 |
PROPERTY TAXES
Parcel Number
18-09-23-0000-0753-0040
Land Assessment
$139,240
Improvements Assessment
$1,148,900
Total Assessment
$1,288,140
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