For Sale
$3,600,000

11820 Fl-54 Odessa, FL 33556

Florida Grocery Store - Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional investment opportunity: A brand-new, 10,000-square-foot Dollar Tree grocery store in Odessa, Florida. This Class A, single-tenant, net-lease property boasts a 10-year lease commencing December 1, 2023, with a corporate guarantee and rent bumps. Located at 11820 FL-54, Odessa, FL 33556, on a 0.85-acre lot, the property features 36 parking spaces and benefits from high traffic counts and proximity to major retailers. The building, constructed in 2023, is situated in a MPUD zoned area within Pasco County. The asking price is $3,600,000, representing a $360 per square foot cost and a 6.00% cap rate. The lease includes 5, 5-year renewal options, ensuring long-term stability. With 100% occupancy since its December 1, 2023 opening, this investment offers a secure and lucrative return. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any portfolio.

Highlights

  • $3,600,000 Asking Price for a Net Lease Investment
  • Brand New Dollar Tree Grocery Store in Odessa, Florida
  • 10,000 square feet on a 0.85-acre lot with 36 parking spaces
  • 10-year lease commencing December 1, 2023, with 5, 5-year renewal options and rent bumps
  • Corporate guarantee and 6.00% cap rate.

Property Details for 11820 Fl-54

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,000 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
37,026 SF
Units
1

Location Insight

City
Odessa
County
Pasco
State
Florida
Latitude
28.188831776924
Longitude
-82.619798757904

FAQs

What type of property is this?
Retail property - Florida Grocery Store - Prime Location
Where is the retail property located?
The property is located at 11820 Fl-54 Odessa, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: $3,600,000 Asking Price for a Net Lease Investment; Brand New Dollar Tree Grocery Store in Odessa, Florida; 10,000 square feet on a 0.85-acre lot with 36 parking spaces
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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11820 Fl-54
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