Dollar General NNN
For Sale
Contact for pricing
3305 Spirit Lake Rd, Winter Haven, FL 33880
Upgraded retail store with an absolute NNN lease and more than eight years remaining on its primary term.
Property Size9,100 SF
Days on Market143
Property Features for 3305 Spirit Lake Rd
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$114,030
Additional Details
Cap Rate
5%
Traffic Count
14,500 vehicles/day
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 1:03PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,100-square-foot Dollar General store in Winter Haven, Florida, opened in February 2015 and is offered with fee simple ownership. The property is subject to a 15-year absolute NNN lease, with more than 8 years remaining in the primary term and no landlord responsibilities identified in the lease structure. Four additional 5-year renewal options are available, each providing a 10% rental rate increase. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating classified as investment grade.
The store is positioned along Spirit Lake Road, which records 14,500 cars per day. The surrounding trade area includes a 5-mile population of 62,211, a 1-mile average household income of $78,915 per year, and 10.58% population growth within 3 miles. The store ranks within the top third of Dollar General locations across a 15-mile radius. The offering includes a 5.00% cap rate and may suit a 1031 exchange or passive ownership strategy.
The store is positioned along Spirit Lake Road, which records 14,500 cars per day. The surrounding trade area includes a 5-mile population of 62,211, a 1-mile average household income of $78,915 per year, and 10.58% population growth within 3 miles. The store ranks within the top third of Dollar General locations across a 15-mile radius. The offering includes a 5.00% cap rate and may suit a 1031 exchange or passive ownership strategy.
Key Highlights
- 9,100 SF Dollar General store opened in February 2015
- 15‑year absolute NNN lease with over 8 years remaining on the primary term
- Four 5‑year renewal options, each with a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Lease Details
14,500 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
10,951 visits/mo
0.1 miles
Circle K
Shops & Services
6,398 visits/mo
0.4 miles
Citgo
Shops & Services
5,731 visits/mo
0.1 miles
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
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 - Upgraded retail store with an absolute NNN lease and more than eight years remaining on its primary term.
Where is this nnn property located?
The property is located at 3305 Spirit Lake Rd Winter Haven, FL.
What are key features of this property?
This property features: 9,100 SF Dollar General store opened in February 2015; 15‑year absolute NNN lease with over 8 years remaining on the primary term; Four 5‑year renewal options, each with a 10% rental rate increase
