2991 Fl-121Morriston, FL 32668

Property Details for 2991 Fl-121

Year built

2015

Lot size

1.37 AC

Property size (Sq ft)

9,240 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 9,240 square foot Family Dollar store in Morriston, Florida. Located at 2991 FL-121, Levy County, this single-tenant, net lease property boasts a strong 8.35% cap rate and a substantial net operating income (NOI) of $108,576. Built in 2015 on a 1.37-acre lot, the property features a 14.9-year lease with Family Dollar, currently having 5.9 years remaining until the initial term expires. The lease includes four 5-year renewal options and built-in rent bumps every three years, ensuring consistent income growth. The property enjoys 100% occupancy and is priced at $1,299,999, or $140.69 per square foot. This fee-simple ownership offers a secure investment in a thriving community, strategically positioned on a major roadway for optimal visibility and accessibility. The property's location near Ocala and Gainesville provides access to a larger regional market. This is a prime opportunity for investors seeking a stable, high-performing retail asset with significant long-term potential. The property is a free-standing building and the lease is corporate-guaranteed.

Location Insight

City

Morriston

County

Levy

State

Florida

Latitude

29.2897

Longitude

-82.5346

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