2991 Fl-121Morriston, FL 32668
- Retail properties
- 9,240 SF
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
- Other retail properties
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
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].