Sarasota, FL
Price: $2,589,000
Cap Rate: 6.00%
Status: AVAILABLE

MainPhoto
Aerial
MainPhoto Aerial

DOWNLOAD OM

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

The Family Dollar property is strategically located just north of downtown Sarasota. Sarasota recently ranked as a top 10 Best Place to Live in the U.S. by U.S. News & World Report. The Family Dollar is positioned at a hard corner along Washington Blvd (U.S. Route 301 & U.S. Route 41), the primary north-south thoroughfare with traffic counts of 46,000 VPD. The property is just north of Sarasota’s many tourist attractions and numerous high-end hotels such as The Ritz Carlton, Hyatt Regency, The Westin, Embassy Suites, and Aloft. There are over 75,000 people living within three miles.

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

  • Strategically located just north of downtown Sarasota
  • Sarasota recently ranked as a top 10 Best Places to Live in the U.S. by U.S. News & World Report
  • Positioned at a hard corner along Washington Blvd (U.S. Route 301 & U.S. Route 41), the primary north-south thoroughfare with traffic counts of 46,000 VPD
  • Densely populated area with approximately 75,000 people living within three miles
  • Approximately three miles south of Sarasota Bradenton International Airport
  • Just north of downtown Sarasota’s many tourist attractions and numerous high-end hotels such as The Ritz Carlton, Hyatt Regency, The Westin, Embassy Suites, and Aloft
  • Family Dollar just exercised a renewal option evidencing the success of the store and their commitment to the location
  • Densely concentrated area with significant barriers to entry
  • 10% rental increases in each option period
  • Average annual household incomes within five miles are approximately $85,000
  • Immediate proximity to Booker High School (1,300 students)
  • Family Dollar is a wholly owned subsidiary of Dollar Tree, an investment grade rated company (S&P: BBB)

OFFERING SUMMARY

Price: $2,589,000
Cap Rate: 6.00%

Building Size: 8,320 SF
Land Size:
33,206 SF

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

VIEW ALL LISTINGS
GET IN TOUCH
2022-07-18T08:25:20-07:00
Go to Top