Port Charlotte, FL
Price: $2,365,000
Cap Rate: 6.00%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Dollar Tree located in Port Charlotte, FL. Dollar Tree just exercised their first renewal option evidencing the strength of this store and their commitment to the location. The building was built in 2012. Dollar Tree is an investment grade rated company (S&P: BBB).

The Dollar Tree property is strategically positioned as an outparcel to a Home Depot. The property is located along South McCall Road (FL-776), the primary east-west thoroughfare in the trade area with traffic counts of 24,000 VPD. Retailers in the corridor include Publix, Winn-Dixie, Walmart Supercenter, Walgreens, Sherwin-Williams, McDonald’s, Wells Fargo, Regions Bank, and many others. The surrounding area is affluent with average annual household incomes of approximately $88,000 within seven miles.

This property can be purchased individually or with another similar Family Dollar in Sarasota, FL or with several other STNL properties in the Orlando MSA and the Detroit MSA. Contact broker for details.

  • Dollar Tree just exercised a renewal option evidencing the success of the store and their commitment to this location
  • Tenant converted this location to a Dollar Tree from a Family Dollar in 2015
  • Strategically positioned Home Depot outparcel 
  • Retailers positioned within the immediate area include Publix, Winn-Dixie, Walmart Supercenter, Walgreens, Sherwin-Williams, McDonald’s, Wells Fargo, Regions Bank, and many others
  • Located along South McCall Road (FL-776), the primary east-west thoroughfare in the trade area with traffic counts of 24,000 VPD
  • Densely populated area with approximately 20,000 people living within three miles
  • Affluent surrounding area with average annual household incomes of approximately $88,000 within seven miles 
  • Investment grade rated tenant (S&P: BBB) 
  • 10% rental increases in each option period
  • Florida is an income tax-free state

OFFERING SUMMARY

Price: $2,365,000
Cap Rate: 6.00%

Building Size: 8,320 SF
Land Size:
1.09 AC

INVESTMENT CONTACT

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON WRIGHT
Associate
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com

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2022-07-18T08:25:59-07:00
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