2991 SE SR 121 - Freestanding FOR SALE


Morriston, FL 32668
$1,299,999 USD
813-294-6429
2991 SE SR 121, Morriston, FL for Sale
$1,299,999 USD
Freestanding - FOR SALE
1/3
null | 8.35% Cap Rate

2991 SE SR 121
Morriston, FL 32668


OVERVIEW

Family Dollar - NNN Investment Opportunity in Florida Investment opportunity awaits in Morriston, FL! Presenting a prime NNN retail property, this Family Dollar store is a highly desirable investment with a strong lease in place. Located near Ocala and Gainesville, this property offers an attractive cap rate of 8.0352% and a NOI of $108,576. With a building size of 9,240 square feet and a generous lot size of 1.37 acres, this property is ideal for investors seeking a stable income stream. Built in 2015, this free-standing retail property has a corporate-guaranteed lease by Family Dollar, with over 6 years remaining on the initial lease term. The lease includes rent increases every 3 years, providing steady growth potential. Situated in Levy County, known as the "horse capital of the world," this location serves a thriving local community of over 40,000 residents. With its strategic location on SE State Road 121, this property offers excellent visibility and easy access for customers. Don't miss out on this outstanding investment opportunity! Take advantage of the tax-free benefits in Florida and contact us today for more information. Property Details: - Property Name: Family Dollar - NNN Investment Opportunity in Florida - Address: 2991 SE State Road 121, Morriston, FL 32668 - Building Size: 9,240 SF - Lot Size: 1.37 Acres - Cap Rate: 8.04% - NOI: $108,576 - Lease Type: NNN

FOR SALE DETAILS

PRICE

$1,299,999 USD

PRICE/SF

$141 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

CG

APN/PARCEL ID

09556-007-00

ASK ABOUT THIS PROPERTY

Pat RairighRairigh Realty and Investments, LLCMore Info
813-294-6429

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Pat RairighRairigh Realty and Investments, LLCMore Info
813-294-6429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.