Dunnellon Commons - Walmart Shadow Retail Center
Below Replacement Cost/ Below Market Rents| Long Historical Occupancy | 15,525 SqFt
Marketing description
An outstanding investment opportunity awaits at this vibrant 15,525 SF retail center located at 11150 N. Williams Street, Dunnellon, Florida. Boasting a diverse tenant mix, this property is 100% occupied with a range of well-established businesses, including Verizon, Subway, and Little Caesars, amongst others. Situated adjacent to a Walmart Supercenter, the center enjoys high visibility and a steady flow of foot traffic. With a net operating income of $269,779 and a competitive cap rate of 5.75%, this property presents a solid income-generating asset. The well-maintained site offers a prime location on 1.35 acres, constructed in 2006 and remodeled in 2019. Tenants are on varied lease terms, providing stability and growth potential.
Investment highlights
100% Occupied | Long Term Tenants | Options To Extend |
• 100% leased 10-tenant center
• Majority of tenants have occupied the project for more than five years, two tenants have an operating history of over 10 years at the location
. • Subway, China Wok, Advance America, Pinch A Penny and Little Caesars have operated at the location for 20 years • Verizon recently renewed their lease in 2024 and is operated by one of the largest franchisees in the country, backed by Round Room which operates 1200+ locations
• Multiple tenants recently renewed have one or more options to extend showing their commitment to the site
NNN Leases | Fee Simple Ownership | Minimized Expense Leakage
• Tenants pay for their share CAM, taxes, insurance and contributes to management expenses
• Minimized expense leakage and landlord responsibilities Adjacent To Top Performing Walmart Center | Across From Dunnellon Plaza | Nearby Publix
• The subject property is located directly outparcel to a Walmart supercenter. This Walmart is part of a $1.6 billion initiative to renovate Florida stores and is one of the top locations with over 2 million annual visitations (placer.ai)
• Across from Dunnellon Plaza which is anchored by Aldi and Dollar Tree
• Less than two miles north of Rainbow Square with major tenants including Publix, Beall’s, Tractor Supply and more • Strong tenant synergy promotes crossover shopping to the subject property Location Along Primary Dunnellon Commercial Corridor | Excellent Visibility & Access
• The asset is located on State Hwy 41/ N Williams St, the primary retail and commercial thoroughfare passing through the city of Dunnellon
• N Williams St sees over 23,000 vehicles passing daily
• The asset has excellent visibility and multiple points of ingress/egress through the property and the adjacent Walmart center Strong Demographics In 5-mile Trade Area | Growing Population
• More than 18,600 residents and 3,800 employees support the trade area
• $79,624 average household income
• The 5-mile population is projected to grow over 10.0%
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