For Sale
$2,484,000

66 Fl-20Freeport, FL 32439

High-yield Dollar Tree/Family Dollar

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 13,500-square-foot retail property located at 66 FL-20, Freeport, FL 32439, within the Walton County, Florida Panhandle MSA. The property features a single-tenant, net-leased convenience store occupied by a Dollar Tree/Family Dollar combination store, boasting an ultra-successful format. The current lease commenced April 5th, 2023, and has a remaining term of approximately 8.3 years, expiring February 28th, 2033. The property's strong financial performance is reflected in its $2,484,000 asking price, a $184 per square foot rate, and a 6.75% cap rate, generating a net operating income (NOI) of $167,670. The building, situated on a 2.35-acre lot, underwent renovations in 2023 and benefits from a 100% occupancy rate. The property is zoned for commercial use and enjoys a high-traffic location with a reported 16,500+ vehicles per day on State Road 20. This investment-grade property offers a recession-proof and e-commerce-resistant tenant, making it an attractive and stable long-term investment.

Highlights

  • 13,500 SF retail property in Freeport, FL, on a 2.35-acre lot.
  • Net-leased to Dollar Tree/Family Dollar with a 10+ year lease (expires 2/28/2033).
  • Strong financials: $2,484,000 asking price, $184/SF, 6.75% cap rate, $167,670 NOI.
  • High-traffic location (16,500+ VPD on SR 20), 100% occupancy, renovated in 2023.
  • Investment-grade, recession-proof, e-commerce resistant tenant.

Property Details for 66 Fl-20

Property type
Retail properties, Grocery and convenience stores
Square Feet
13,500 SF
Year Renovated
2023
Buildings
1
Lot Size (sq. ft)
102,366 SF

Location Insight

City
Freeport
County
Walton
State
Florida
Latitude
30.4967863
Longitude
-86.1352253
66 Fl-20, Freeport, Florida

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66 Fl-20
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