Dollar Tree Investment
For Sale
Contact for pricing
27800 US HWY 27, Leesburg, FL 34748
Single-tenant retail property with stable income and rental growth.
Property Size10,320 SF
Lot Size1.46 Acres
Price / SF$172.13
Days on Market99
Property Features for 27800 US HWY 27
General Information
Standard status
Active
Size
10,320 SF
Lot size
1.46 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$108,360
Building Details
Year Built
2018
Stories
1
Units
1
Tenancy
Single
Listing Agency:
The ESS Group, Inc.
Listed By:
Eli Satra Shans · License #CA 02023977
Source:
Crexi
Added: May 26
Changed: Aug 13
Last Checked: Aug 30 at 4:34PM
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 ESS Group, Inc.
Investment Insights
Based on property information with market context.
This is a single-tenant net lease asset built in 2018 and backed by Dollar Tree Stores, Inc. The 10,320 square foot property is situated on 1.46 acres along US Highway 27, which experiences traffic counts of approximately 27,500 vehicles per day. The property has approximately 7 years remaining on a Double Net (NN) lease, which was early renewed. The annual NOI is $108,360, with a rent increase scheduled for April 1, 2028, and additional increases throughout the option periods. Landlord responsibilities are limited to roof and structure. The site is located in a growing Central Florida retail corridor near The Villages, Orlando, and Tampa, surrounded by national retailers, dense residential growth, and a strong consumer base. The 5-mile population exceeds 80,000, with more than 70,000 daytime employees in the trade area. This property is a retail investment with durable income, built-in rental growth, and long-term market fundamentals.
Key Highlights
- Single‑tenant net lease asset backed by Dollar Tree Stores, Inc.
- Approximately 7 years remaining on an early renewed Double Net (NN) lease with rent increase scheduled for April 1, 2028.
- Stable annual Net Operating Income (NOI) of $108,360.**
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
$160,831
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
9.05%
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%
$3,216,620
$3.2M
Cap Rate 7%
$2,297,586
$2.3M
Cap Rate 9%
$1,787,011
$1.8M
Market Conditions
NOI Build-Up for 10,320 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
$222.9K $21.60/SF
− Vacancy
−$8.5K −$0.82/SF
EGI
$214.4K $20.78/SF
− OpEx
−$53.6K −$5.19/SF
NOI
$160.8K $15.58/SF
Area
Lake County, FL
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,216,620
Cap Rate 7%
$2,297,586
Cap Rate 9%
$1,787,011
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,831 @ 7.0% cap · market cap 9.05%
Second Best
Retail
$1.74M
$1.53M – $2.04M
NOI $122,100 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,574 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
165k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 29%
Groceries 23%
Home Improvements & Furnishings 5%
Publix
Groceries
35,253 visits/mo
0.3 miles
McDonald's
Dining
20,659 visits/mo
0.5 miles
Mobil
Shops & Services
14,406 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,311 visits/mo
0.1 miles
Burger King
Dining
13,027 visits/mo
0.4 miles
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
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?
Grocery and convenience store - Single-tenant retail property with stable income and rental growth.
Where is this grocery and convenience store located?
The property is located at 27800 US HWY 27 Leesburg, FL.
What is the asking price?
The asking price for this property is $1,776,393.
What are key features of this property?
This property features: Single‑tenant net lease asset backed by Dollar Tree Stores, Inc.; Approximately 7 years remaining on an early renewed Double Net (NN) lease with rent increase scheduled for April 1, 2028.; Stable annual Net Operating Income (NOI) of $108,360.**
