8,550 Square Foot Dollar Tree
2720 Hammondville Road, Pompano Beach, FL 33069
Marketing description
Raymond Jonna of Colliers is pleased to exclusively offer for sale the single-tenant Dollar Tree at 2720 Hammondville Road (Dr. Martin Luther King Jr. Boulevard), Pompano Beach, Florida, an 8,550-square-foot net-leased retail building leased to Dollar Tree Stores, Inc., a Virginia corporation and the operating entity of Dollar Tree, Inc. (NASDAQ: DLTR), rated BBB by S&P and Baa2 by Moody's.
The Property offers absolute-NNN income with zero landlord responsibilities. The tenant is responsible for all property costs including roof, structure, HVAC, parking, taxes, and insurance, with fixed 10% rent escalations every five years and six (6) five-year renewal options.
The asset is positioned on Hammondville Road adjacent to the signalized intersection at NW 27th Avenue, in Broward County infill within a supply-constrained South Florida retail market.
The offering is priced at $2,207,794 ($258.22 per square foot), representing a 7.00% capitalization rate on in-place net operating income of $154,546.
Investment highlights
- 8,550 SF Investment-Grade Tenant - Dollar Tree
- Absolute NNN - Zero Landlord Responsibilities
- Near Signalized Hard-Corner Infill Location
- Contractual Rent Growth
- Substantial Long-Term Optionality
- Investment-Grade Dollar Tree — Net-leased to Dollar Tree Stores, Inc., the operating entity of Dollar Tree, Inc. (NASDAQ: DLTR), rated BBB by S&P (affirmed January 2026, stable) and Baa2 by Moody's. Dollar Tree is the strongest credit in the dollar-store sector and a focused, pure-play operator of its namesake banner.
- Truly Absolute NNN — Zero Landlord Responsibilities
- Signalized Infill Location — Positioned on Hammondville Road (Dr. Martin Luther King Jr. Boulevard) immediately adjacent to the signalized intersection at NW 27th Avenue, with approximately 24,600 vehicles per day, in Broward County infill with more than 51,000 residents within two miles.
- Contractual Rent Growth — Fixed 10% rent increases every five years, most recently stepped on October 1, 2025, provide a built-in hedge and steadily growing income through the term and renewals.
- Substantial Long-Term Optionality— Six (6) five-year renewal options behind the primary term provide up to 30 years of potential income continuity at contractual escalations.
- Supply-Constrained South Florida Retail Market — The South Florida retail market carries vacancy of approximately 3.2% with minimal new construction, supported by sustained in-migration and no state income tax; Florida's elimination of the commercial lease sales tax, effective October 2025, further improves occupancy economics.
- Dense, Growing Infill Trade Area — More than 51,000 residents within two miles, projected to grow to approximately 55,000 by 2030, and over 423,000 within five miles, providing a deep customer base that supports tenant sales performance and favorable re-leasing optionality.
- Clean, Standalone Acquisition — A single, individually leased asset on a 1.49-acre parcel, allowing a buyer to acquire and underwrite a well-defined, standalone asset cleanly.
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