2095 Us-1Vero Beach, FL 32962

Property Details for 2095 Us-1

Year built

2024

Lot size

2.54 AC

Property size (Sq ft)

9,002 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 9,002-square-foot Dollar General store in Vero Beach, Florida. Built in 2024, this Class A, single-tenant property sits on a 2.54-acre lot with prominent US Highway 1 frontage, ensuring high visibility and traffic exposure. The property boasts 47 parking spaces and is zoned CG. A new 15.1-year lease commenced September 11, 2024, and includes three 5-year renewal options with 10% rent increases at the start of each renewal. The current Net Operating Income (NOI) is $174,552, yielding a 5.50% cap rate. The asking price is $3,173,672. This is a fee-simple ownership, NNN lease with a credit-rated, corporate-guaranteed tenant. Dollar General, a nationally recognized investment-grade tenant (BBB/Baa2), occupies the entire space at 100% occupancy. The property benefits from its location in a high-growth area, with Vero Beach experiencing consistent population and economic growth. This is a rare opportunity to acquire a stable, long-term investment with a strong tenant and significant upside potential. The lease expires October 31, 2039.

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.5633

Longitude

-80.3694

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