Dollar General Grocery
11500 Oceanspray Blvd, Englewood, FL 34224
For Sale
Contact for pricing
The C-2-zoned building is occupied and was completed in 2020.
Property Size9,037 SF
Price / SF$258.05
Days on Market21
Property Features for 11500 Oceanspray Blvd
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Tenancy
Listing Agency:
The Rotella Group Inc.
Listed By:
Clinton Casey · License FL BK3003684
(954) 684-2686
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 5:43PM
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 The Rotella Group Inc.
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Investment Insights
Based on property information with market context.
This 9,037-square-foot Dollar General grocery and convenience store was built in 2020. The property is zoned C-2 and currently reports 100% occupancy.
The address is 11500 Oceanspray Blvd, Englewood, FL 34224.
The address is 11500 Oceanspray Blvd, Englewood, FL 34224.
Key Highlights
- 9,037 SF Dollar General grocery and convenience store
- Built in 2020
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,759
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,215,180
$3.2M
Cap Rate 7%
$2,296,557
$2.3M
Cap Rate 9%
$1,786,211
$1.8M
Market Conditions
NOI Build-Up for 9,037 SF
Gross rent
$237.5K $26.28/SF
− Vacancy
−$7.8K −$0.87/SF
EGI
$229.7K $25.41/SF
− OpEx
−$68.9K −$7.62/SF
NOI
$160.8K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,215,180
Cap Rate 7%
$2,296,557
Cap Rate 9%
$1,786,211
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.68M
NOI $160,759 @ 7.0% cap · market cap 6.89%
Second Best
Specialty Retail
$1.73M
$1.51M – $2.01M
NOI $120,796 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,128 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 77%
Shops & Services 23%
Winn-Dixie
Groceries
23,252 visits/mo
0.5 miles
Dollar General
Shops & Services
6,978 visits/mo
0.3 miles
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The C-2-zoned building is occupied and was completed in 2020.
Where is this grocery and convenience store located?
The property is located at 11500 Oceanspray Blvd Englewood, FL.
What is the asking price?
The asking price for this property is $2,332,000.
What are key features of this property?
This property features: 9,037 SF Dollar General grocery and convenience store; Built in 2020; C‑2 zoning
