Family Dollar | Strong & Growing Sales | Up 58% Since 2020
Recent 5 Yr Extension w/10% Rent Inc | Strong Sales & Population Growth | Income Tax Free
Marketing description
Fortis Net Lease is pleased to present a Family Dollar located in Ocala, Florida for sale to qualified investors. The building located at 3245 142nd Lane in Ocala, Florida was built in 2011. Family Dollar recently executed their 2nd, 5-year option period WITH the 10% rent increase. The unit level sales have grown 58% from 2020 to 2025. Between the recent extension and the attractive rent-to-sales ration, Family Dollar is poised to have continued success at this location.
There is real rooftop growth, not just population headlines in Ocala, FL. Marion County had 199,464 housing units as of 2024, 164,881 households, and 6,729 building permits in 2024. For a small-box retailer, more rooftops usually means a larger nearby convenience trade area over time. Ocala is one of the fastest-growing markets in the country. The Ocala metro reached 442,660 people as of July 1, 2025, up from 375,892 at the 2020 base, and ranked #1 in percentage growth among U.S. metros from 2024 to 2025 at 3.4%. It was also the nation’s fastest-growing metro from 2023 to 2024 at 4.0%. That kind of sustained in-migration usually supports more neighborhood retail demand.
Investment highlights
- Roof was Replaced in 2024 for $93,000
- Exercised 2nd Option Period with 10% Rent Increase
- Sales Up 58% from 2020 to 2025
- Strong Rent-to-Sales Figures
- Income Tax Free State - Florida
- Across from Aldi Anchored Shopping Center
- Next to Brand New Construction Advance Auto Parts
- Strong Traffic Counts - 15,700 VPD
- 46,662 Residents within 5 Miles
- Projected 3 Mile Population Growth of 3.1% by 2030
- 5 Mile Consumer Spending Exceeds $542M Annually
- Continued Development on 142nd Lane Corridor
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