10305 Longoria PlSebring, FL 33876

Property Details for 10305 Longoria Pl

Year built

2016

Lot size

1.50 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Sebring, Florida, on a 1.5-acre lot. The property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $115,637. Built in 2016, this fee-simple property features a recently remodeled (June 2023) building with brick and EIFS stucco exterior. The absolute NNN lease with Dollar General Corporation provides zero management responsibilities, with the tenant covering all operating expenses, insurance, and property taxes. The lease, commencing January 11, 2016, has a remaining term of approximately 6.2 years, with four to five five-year options including 10% rent increases. The property includes 30 parking spaces and is strategically located near the Buttonwood Bay 55+ community (1,000+ units) and the renowned Sebring International Raceway. Strong demographics further enhance this investment's appeal, with a 3-mile radius boasting an average household income of $94,518 and a growing population. This is a rare opportunity to acquire a well-located, high-performing retail property with a secure, long-term lease. The property's address is 10305 Longoria Place, Sebring, FL 33876, and its APN is C-34-35-29-060-0000-0030. The asking price is $1,713,141.

Location Insight

City

Sebring

County

Highlands

State

Florida

Latitude

27.391

Longitude

-81.4131

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