STREAM Capital Partners > Properties > All Properties > Family Dollar

Family Dollar

Net Lease

904 W Palm Dr, Florida City, Florida
Ownership Type:
Fee Simple
Price:
$2,654,000
Cap Rate:
7%
Current Rent:
$185,789
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 7.5 years
Renewal Options:
6, Five-year
Building Sq. Ft.:
9,180 SF
Rent Increases:
10% on 4/1/2027 and in each option
Site Size:
1.06 Acres

Investment Highlights

  • Zero Landlord Responsibilities: Absolute NNN lease structure allowing for passive ownership.
  • Upcoming Rent Increase: Family Dollar’s rent increases 10% in April 2027 equating to a 7.70% cap rate at asking price. There are 10% rent increases in each of the option periods.
  • Well Positioned: Situated on W Palm Dr. which has a traffic count of 25,000 VPD.
  • Populated Submarket: Over 70,000 people reside within a 3 mile radius of the store.
  • Investment Grade Tenant: Family Dollar/Dollar Tree has a credit rating of BBB- by Standard & Poors.
Ownership Type:
Fee Simple
Price:
$2,654,000
Cap Rate:
7%
Current Rent:
$185,789
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 7.5 years
Renewal Options:
6, Five-year
Building Sq. Ft.:
9,180 SF
Rent Increases:
10% on 4/1/2027 and in each option
Site Size:
1.06 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Broker of Record: Jonathan Wolfe, FL CQ1065459

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