Matthews Real Estate
Listed by Matthews, Matthews Real Estate
$1,558,518
Top Performing Family Dollar
Details
Property Type Retail
Sub Type Storefront, Dollar store
Square Footage 10,104
Cap Rate 6.75%
NOI $105,200
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN+
Lease Expiration 09/30/2036
Rent Bumps Yes
Price per SqFt $154
Year Built 1958
Year Renovated 2014
Acreage 0.870
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/08/2021
Ground Lease No
Retail | 6.75% CAP | 10,104 SqFt
Investment highlights
- Early Corporate Commitment (Top-Performing Store): Demonstrating high confidence in this location, Family Dollar executed a lease extension two full years before their original expiration date. This fresh 10-year term provides guaranteed cash flow through September 30, 2036.
- Ideal 1031 Exchange Target: With over a decade of guaranteed term remaining, a passive lease structure, and an income-tax-free Florida location, this asset is a highly secure safe haven for 1031 exchange investors looking to seamlessly transition into reliable yield.
- Attractive Yield & Price Point: Strategically priced at $1,558,518, the property offers an attractive 6.75% capitalization rate with a flat, guaranteed annual rent of $105,200.04 ($8,766.67 per month) through the base term.
- Long-Term Upside & Inflation Hedge: The lease provides outstanding long-term security with thirty (30) years of options remaining, broken down into six, 5-year extended terms. Investors benefit from a 5% rent increase at the start of each of these option periods, ensuring steady yield growth.
- Strategic Florida-Georgia Line Location: Situated at 17 West Washington Street in the historic river town of Chattahoochee, FL. Positioned right on the state line near the convergence of the Chattahoochee and Flint Rivers, the property successfully draws a consistent, cross-border consumer base from both Florida and Georgia.
- Passive NN Lease Structure: The Double Net (NN) lease limits landlord responsibilities primarily to the roof and structure. The tenant is responsible for day-to-day maintenance and reimburses the landlord for real estate taxes and property insurance.
- Corporate Guarantee: The lease is officially backed by Family Dollar Stores of Florida, LLC, providing the financial security and peace of mind of a nationally recognized essential retailer.
Listing Contacts
Matthews Real Estate
Listed by Matthews, Matthews Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,200.00
$8,766.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
B-1 CommercialGeneral CommercialCommercial
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View all 15 uses Last updated Sep 6, 2026 For deeper zoning details, reports are available at Zoneomics
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