Dollar Tree | Orlando MSA | Below Market Rent
Below Market Rent | Sanford, FL | Dollar Tree
Marketing description
CBRE is pleased to present the exclusive listing for the Dollar Tree located at 550 W. 1st St, in Sanford, FL. The site consists of 14,129 total square feet of building space and sits on 1.26 acres of land. The site will be subject to a 10-Year Double-Net (NN) Lease with roughly 7.4 years remaining. Starting in year one, the base rent shall be $254,322. The lease will call for a 6.00% rental escalation in year six of the lease, with two (2), five (5)-year renewal option periods (20-year total term).
The subject property benefits from being located in a strong retail corridor surrounded by national and local tenants, shopping centers, and hospitality accommodations. Located on an out-parcel to the Downtown Sanford commercial corridor, the subject property is surrounded by the following major retailers in the immediate area, including Target and Walmart, which are both identified as major superstores serving the Sanford market. Additionally, the nearby Seminole Towne Center—a major regional mall—hosts national anchors such as Dick’s Sporting Goods, Burlington, Old Navy, JCPenney, Dillard’s, and Macy’s, all located within the broader Sanford retail trade area.
Investment highlights
• Brand-new 2023 construction offering minimal near-term capital expenditure risk.
• Corporate-guaranteed lease providing secure, reliable income stream.
• Strong visibility and access along W. 1st Street in growing Sanford, FL market.
• Proximity to Seminole Towne Center, a major regional mall anchored by Dick’s Sporting Goods, Burlington, Old Navy, JCPenney, Dillard’s, and Macy’s, further enhancing retail synergy.
• Landlord-friendly NN structure, with landlord responsible only for roof & structure.
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