Retail Store
103 N Center St Pierson, FL 32180
103 N Center St, Pierson, FL, 32180
Contact for pricing
For Sale
Contact for pricing
Single-tenant retail storefront with a long-term Family Dollar lease and multiple extension options.
Property Size10,500 SF
Price / SF$195.14
Days on Market105
Property Features for 103 N Center St
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- RETAIL
Listing agency
SRS Real Estate Partners | Fort Lauderdale
(954) 703-3602
Listed by
Jaime Salazar · License #FL BK3120739
Source
Moodyscre
Added: Apr 8 Updated: Jul 20 at 8:10PM Checked: Jul 21 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Fort Lauderdale
Investment Insights
Based on property information with market context.
This is a single-tenant retail storefront offered for sale with a current lease that reflects long-term tenancy. The tenant has 8+ years remaining on the initial lease term and includes five additional 5-year options to extend, with the lease signed by Family Dollar Stores of Florida, LLC and guaranteed by Family Dollar Stores, Inc.
The lease includes scheduled rental increases of $0.50 per square foot at the beginning of each option period. This structure is designed to grow income over time while providing built-in inflation protection tied to the option periods.
As disclosed in the offering materials, on July 7, 2025, Dollar Tree, Inc. announced the completion of its previously announced sale of the Family Dollar business segment to Brigade Capital Management, LP and Macellum Capital Management, LLC.
The lease includes scheduled rental increases of $0.50 per square foot at the beginning of each option period. This structure is designed to grow income over time while providing built-in inflation protection tied to the option periods.
As disclosed in the offering materials, on July 7, 2025, Dollar Tree, Inc. announced the completion of its previously announced sale of the Family Dollar business segment to Brigade Capital Management, LP and Macellum Capital Management, LLC.
Key Highlights
- Single‑tenant retail storefront with long‑term Family Dollar lease featuring 8+ years remaining on the initial term
- Lease includes five (5‑year) extension options, providing up to multiple additional terms
- Lease signed by Family Dollar Stores of Florida, LLC and guaranteed by Family Dollar Stores, Inc.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.5k | $15.00 |
| − Vacancy | −$16.2k | −$1.55 |
| EGI | $141.3k | $13.46 |
| − OpEx | −$42.4k | −$4.04 |
| NOI | $98.9k | $9.42 |
10,500 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.41M
$1.24M – $1.65M
NOI $98,894 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,720 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dollar #7953
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant retail storefront with a long-term Family Dollar lease and multiple extension options.
Where is this retail space located?
The property is located at 103 N Center St Pierson, FL.
What is the asking price?
The asking price for this property is $2,049,000.
What are key features of this property?
This property features: Single‑tenant retail storefront with long‑term Family Dollar lease featuring 8+ years remaining on the initial term; Lease includes five (5‑year) extension options, providing up to multiple additional terms; Lease signed by Family Dollar Stores of Florida, LLC and guaranteed by Family Dollar Stores, Inc.
