For Sale
$1,890,000

2340 HwyLake Alfred, FL 33881

High-Yield Retail Investment in Florida

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple owned, single-tenant Dollar General storefront in Winter Haven, Florida. The property boasts a 9,100 square foot building on a 1.07-acre lot, constructed in 2007 and renovated in 2012. Currently operating under a Net Net lease with a credit-rated tenant, the lease has a remaining term of approximately four years, with three five-year renewal options. The property enjoys a 7.15% cap rate and a strong NOI of $135,050, based on a $207.69 per square foot price. The property features 36 parking spaces and is strategically located on US Highway 17 in a dense retail corridor, ideally situated next to a Home Depot-anchored center. The C-3 Highway Commercial zoning provides flexibility, and the property benefits from a high volume of daily traffic (33,000 vehicles per day). This investment offers limited landlord responsibilities and a strong, established brand with a corporate guarantee. The property's location within a major tourist area and its proximity to a robust consumer base further enhance its investment appeal. The asking price is $1,890,000. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential.

Highlights

  • 5-Year Lease Extension with Corporate Guarantee.
  • Net Lease; Fee Simple Ownership; Minimal Landlord Responsibilities.
  • High-Traffic Location on 8th St NW (33,000 Vehicles Per Day), within a Dense Retail Corridor adjacent to a Home Depot-anchored center.
  • Strong Demographics within a 5-mile radius of Winter Haven, providing a direct consumer base.

Property Details for 2340 Hwy

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built/Renovated
2007/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
46,609 SF
Units
1

Location Insight

City
Lake Alfred
County
Polk
State
Florida
Latitude
28.047001202672
Longitude
-81.735164953213
2340 Hwy, Lake Alfred, Florida

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2340 Hwy
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