Single-Tenant NNN Retail
For Sale
Contact for pricing
1113 W 1st St, Sanford, FL 32771
Freestanding Dollar General building with a fully occupied net lease and long-term renewal structure.
Property Size7,489 SF
Lot Size1.57 Acres
Price / SF$226.60
Days on Market151
Property Features for 1113 W 1st St
General Information
Standard status
Active
Size
7,489 SF
Lot size
1.57 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$108,582
Financials
Asking Price
$1,697,000
Cap Rate
6.4%
Gross Income
$108,581
Additional Details
Traffic Count
20,026 vehicles/day
Building Details
Year Built
2016
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Embree Capital Markets Group
Listed By:
Josiah Byrnes · License #853620-SA
Source:
Crexi
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 3:44PM
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 Embree Capital Markets Group
Investment Insights
Based on property information with market context.
This freestanding Dollar General property contains 7,489 SF on 1.57 acres and was built in 2016. The asset is fully occupied by a single tenant under a Triple Net lease, offering a straightforward ownership structure. The lease runs through March 31, 2031, includes four 5-year renewal options, and provides 10% rent increases every five years.
Located at 1113 W 1st St in Sanford, the property has visibility along W 1st Street and reported traffic counts of approximately 20,026 vehicles per day. Sanford sits at the north edge of the Orlando metro, with projected household growth of 19.01% within 1 mile by 2029. The surrounding area includes residential expansion and nearby national and local businesses.
Located at 1113 W 1st St in Sanford, the property has visibility along W 1st Street and reported traffic counts of approximately 20,026 vehicles per day. Sanford sits at the north edge of the Orlando metro, with projected household growth of 19.01% within 1 mile by 2029. The surrounding area includes residential expansion and nearby national and local businesses.
Key Highlights
- 7,489 SF freestanding building on 1.57 acres
- 100% occupied by Dollar General under a Triple Net lease
- Lease term extends through March 31, 2031
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$147,060
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,941,200
$2.9M
Cap Rate 7%
$2,100,857
$2.1M
Cap Rate 9%
$1,634,000
$1.6M
Market Conditions
NOI Build-Up for 7,489 SF
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.
Gross rent
$217.5K $29.04/SF
− Vacancy
−$7.4K −$0.99/SF
EGI
$210.1K $28.05/SF
− OpEx
−$63.0K −$8.42/SF
NOI
$147.1K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,941,200
Cap Rate 7%
$2,100,857
Cap Rate 9%
$1,634,000
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $147,060 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,181 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,026 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 32771, FL
57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding Dollar General building with a fully occupied net lease and long-term renewal structure.
Where is this nnn property located?
The property is located at 1113 W 1st St Sanford, FL.
What is the asking price?
The asking price for this property is $1,697,000.
What are key features of this property?
This property features: 7,489 SF freestanding building on 1.57 acres; 100% occupied by Dollar General under a Triple Net lease; Lease term extends through March 31, 2031
