Dollar Tree NNN Retail
For Sale
Contact for pricing
11261 Daniels Interstate Court, Fort Myers, FL 33913
Corporate-leased retail property scheduled for completion in 2026 at a Fort Myers address.
Property Size9,973 SF
Price / SF$368
Days on Market26
Property Features for 11261 Daniels Interstate Court
General Information
Standard status
Active
Size
9,973 SF
Class
B
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$230,000
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Josh Bishop · License #688810
Source:
Crexi
Added: Jul 30
Changed: Aug 12
Last Checked: Aug 23 at 6:55PM
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 Matthews
Investment Insights
Based on property information with market context.
This 9,973-square-foot NNN retail property is associated with Dollar Tree and carries a corporate lease structure. The building is scheduled for completion in 2026, providing a newly developed commercial asset for consideration within the net lease sector.
The property is located at 11261 Daniels Interstate Court, Fort Myers, FL 33913. Available property information identifies the asset as a specialty retail property with Dollar Tree branding and a corporate lease.
The property is located at 11261 Daniels Interstate Court, Fort Myers, FL 33913. Available property information identifies the asset as a specialty retail property with Dollar Tree branding and a corporate lease.
Key Highlights
- 9,973‑square‑foot retail property
- Dollar Tree tenant identity
- Corporate lease structure
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
$130,829
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
3.56%
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%
$2,616,580
$2.6M
Cap Rate 7%
$1,868,986
$1.9M
Cap Rate 9%
$1,453,656
$1.5M
Market Conditions
NOI Build-Up for 9,973 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
$192.7K $19.32/SF
− Vacancy
−$5.8K −$0.58/SF
EGI
$186.9K $18.74/SF
− OpEx
−$56.1K −$5.62/SF
NOI
$130.8K $13.12/SF
Area
Lee County, FL
Vacancy
3.00%
Lease Rate
$19.32 /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%
$2,616,580
Cap Rate 7%
$1,868,986
Cap Rate 9%
$1,453,656
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $130,829 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,725 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
213k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 44%
Hotels & Casinos 6%
RaceTrac
Shops & Services
50,568 visits/mo
0.3 miles
McDonald's
Dining
38,461 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
21,343 visits/mo
0.1 miles
Mobil
Shops & Services
19,629 visits/mo
0.4 miles
Circle K
Shops & Services
16,437 visits/mo
0.4 miles
Demographics for 33913, FL
28,216
Population
16,026
Households
1.8
Avg Household Size
54
Median Age
47%
College-Educated
95%
High-School Grad
101.0 sq mi
ZIP Area
279
Density / Sq Mi
$106,925
Median Household Income
$54,341
Median Earnings
$1,914
Median Rent
$439,200
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 - Corporate-leased retail property scheduled for completion in 2026 at a Fort Myers address.
Where is this nnn property located?
The property is located at 11261 Daniels Interstate Court Fort Myers, FL.
What is the asking price?
The asking price for this property is $3,680,000.
What are key features of this property?
This property features: 9,973‑square‑foot retail property; Dollar Tree tenant identity; Corporate lease structure
