2340 HwyLake Alfred, FL 33881

Property Details for 2340 Hwy

Year built

2007

Lot size

1.07 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Lake Alfred

County

Polk

State

Florida

Latitude

28.047

Longitude

-81.7352

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