For Sale
$2,048,667

103 Center StPierson, FL 32180

Family Dollar & Dollar Tree, NN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 10,500-square-foot retail property located at 103 N Center St, Pierson, FL 32180, within the Daytona Beach MSA. The property, built in 2009 and renovated in 2023, sits on a 1.69-acre lot and boasts 42 parking spaces. Currently occupied by a Family Dollar and Dollar Tree, operating under a single, corporate-guaranteed Net Lease, this property offers a strong, stable income stream. The lease includes rent bumps, ensuring future income growth. The building features a single story and is zoned CG. With a 100% occupancy rate, the property generates a substantial Net Operating Income (NOI) of $138,285, resulting in a compelling 6.75% capitalization rate. The asking price is $2,048,667, translating to $195.11 per square foot. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location with a strong tenant history and significant upside potential. The property's location on N Center Street benefits from a daily vehicle count of approximately 7,900. This is a turnkey investment ideal for passive income seekers. The property's APN is 4834-11-00-0030.

Highlights

  • 10,500 SF retail building on a 1.69-acre lot in Pierson, FL.
  • 10+ year corporate-guaranteed net lease with rent bumps.
  • Investment-grade credit tenant (Family Dollar & Dollar Tree).
  • High traffic location with approximately 7,900 VPD on N Center Street.

Property Details for 103 Center St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built/Renovated
2009/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
73,616 SF

Location Insight

City
Pierson
County
Volusia
State
Florida
Latitude
29.241746025318
Longitude
-81.462959898579
103 Center St, Pierson, Florida

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103 Center St
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