For Sale
$1,842,000

6410 Clarcona Ocoee Rd Pine Hills, FL 32818

High-performing Family Dollar in Orlando

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 6410 Clarcona Ocoee Rd, Pine Hills, FL 32818. The property boasts 8,380 square feet on a 1.08-acre lot and was built in 2019. Currently operating under a corporate guarantee, the lease features a remaining term of 4.4 years with six, 5-year options, each including a 5% rent increase. The property generates a strong NOI of $129,000, resulting in a 7.00% cap rate. The asking price is $1,842,000. This Family Dollar store is a top performer, ranking in the 97th percentile nationally, within Florida, and in a 30-mile radius. The location benefits from strong demographics, with a one-mile radius population of 12,280 and an average household income of $73,543. The three-mile radius boasts a population of 97,908 and an average household income of $69,894. This investment is backed by Dollar Tree/Family Dollar, a Fortune 500 company with an S&P investment-grade credit rating of BBB, operating over 16,340 stores across 48 states and Canadian provinces. The minimal landlord responsibilities associated with the net lease structure make this a low-maintenance, high-return investment. The property's location in Orlando, a city experiencing rapid population growth, further enhances its long-term value and potential.

Highlights

  • $1,842,000 asking price for a net-leased Family Dollar convenience store and grocery store.
  • NN lease with corporate guarantee, single tenant occupancy.
  • 4.4 years remaining on a 10-year base lease with six 5-year options, including 5% rent increases.
  • 8,380 square feet on a 1.08-acre lot, built in 2019.
  • $129,000 annual NOI, yielding a 7% cap rate.
  • Located in Pine Hills, Florida, in a high-growth area with strong demographics.

Property Details for 6410 Clarcona Ocoee Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,380 SF
Year Built
2019
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Pine Hills
County
Orange
State
Florida
Latitude
28.611806743201
Longitude
-81.469261105458

FAQs

What type of property is this?
Retail property - High-performing Family Dollar in Orlando
Where is the retail property located?
The property is located at 6410 Clarcona Ocoee Rd Pine Hills, FL.
What is the asking price?
The asking price for this property is $1,842,000.
What are key features of this property?
This property features: $1,842,000 asking price for a net-leased Family Dollar convenience store and grocery store.; NN lease with corporate guarantee, single tenant occupancy.; 4.4 years remaining on a 10-year base lease with six 5-year options, including 5% rent increases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6410 Clarcona Ocoee Rd
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