New Grocery and Convenience
For Sale
Contact for pricing
Pending
5390 W Hwy 318, Reddick, FL 32686
Freestanding dual-concept retail facility supported by a new NNN lease and multiple renewal options.
Property Size10,431 SF
Days on Market142
Property Features for 5390 W Hwy 318
General Information
Standard status
Pending
Size
10,431 SF
Property subtype
Retail
Net Operating Income
$151,410
Site & Location
Corner Location
Yes
Traffic Count
14,432 vehicles/day
Additional Details
Cap Rate
7%
Building Details
Year Built
2024
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 31 at 1:44AM
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.
Completed construction in 2024, this freestanding 10,431 SF grocery and convenience store operates as a dual-concept Family Dollar and Dollar Tree location. The property opened for business in February 2024 and is subject to a new 10-year NNN lease with four 5-year renewal options. Dollar Tree provides the corporate lease guaranty and carries a BBB- credit rating, identified in the source information as investment grade.
The store occupies the corner of W Highway 318 and Highway 441 in Reddick, Florida, within the Ocala market. The intersection records 14,432 cars per day, and the property is adjacent to a Circle K gas and convenience store. The World Equestrian Jockey Club is a 5-minute drive away, while the University of Florida is 15 minutes from the site. The surrounding area has a 10-mile population of 24,640 and a 3-mile average household income of $61,368 per year.
The store occupies the corner of W Highway 318 and Highway 441 in Reddick, Florida, within the Ocala market. The intersection records 14,432 cars per day, and the property is adjacent to a Circle K gas and convenience store. The World Equestrian Jockey Club is a 5-minute drive away, while the University of Florida is 15 minutes from the site. The surrounding area has a 10-mile population of 24,640 and a 3-mile average household income of $61,368 per year.
Key Highlights
- 10,431 SF freestanding dual‑concept Family Dollar and Dollar Tree store
- New 10‑year NNN lease with four 5‑year renewal options
- Corporate guaranty from Dollar Tree, rated BBB-
Property Analytics
Current Use
Lease Details
14,432 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
9,390 visits/mo
0.2 miles
Circle K
Shops & Services
6,159 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,991 visits/mo
0.1 miles
Citgo
Shops & Services
2,611 visits/mo
0.2 miles
Demographics for 32686, FL
4,339
Population
2,691
Households
1.6
Avg Household Size
51
Median Age
16%
College-Educated
91%
High-School Grad
72.5 sq mi
ZIP Area
60
Density / Sq Mi
$46,793
Median Household Income
$30,265
Median Earnings
$862
Median Rent
$279,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding dual-concept retail facility supported by a new NNN lease and multiple renewal options.
Where is this grocery and convenience store located?
The property is located at 5390 W Hwy 318 Reddick, FL.
What are key features of this property?
This property features: 10,431 SF freestanding dual‑concept Family Dollar and Dollar Tree store; New 10‑year NNN lease with four 5‑year renewal options; Corporate guaranty from Dollar Tree, rated BBB-
