Retail Store on
For Sale
Contact for pricing
550 West 1st Street Sanford, Sanford, FL 32771
Single-tenant retail property available for sale, operated under a 10-year double-net lease with remaining term.
Property Size14,250 SF
Lot Size1.26 Acres
Price / SF$294.99
Days on Market227
Property Features for 550 West 1st Street Sanford
General Information
Standard status
Active
Size
14,250 SF
Lot size
1.26 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$254,322
Building Details
Year Built
2023
Year Renovated
2023
Tenancy
Single
Listing Agency:
CBRE - Orlando
Listed By:
Andrew Jaworski · License #Sl3405473
(631) 903-7137
Source:
Crexi
Added: Feb 25
Changed: Sep 27
Last Checked: Oct 9 at 4:17PM
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 CBRE - Orlando
Investment Insights
Based on property information with market context.
CBRE presents the exclusive sale offering for a Dollar Tree retail store located at 550 West 1st Street in Sanford, Florida. The property includes 14,129 square feet of building space and is situated on 1.26 acres.
The site is subject to a 10-year double-net (NN) lease with roughly 7.4 years remaining. The lease includes a base rent of $254,322 starting in year one, with a 6.00% rental escalation in year six. The lease also provides for two (2) five-year renewal option periods, for up to a 20-year total term.
The property is positioned on an out-parcel to the Downtown Sanford commercial corridor and is described as being within a strong retail corridor surrounded by national and local tenants, shopping centers, and hospitality accommodations.
The site is subject to a 10-year double-net (NN) lease with roughly 7.4 years remaining. The lease includes a base rent of $254,322 starting in year one, with a 6.00% rental escalation in year six. The lease also provides for two (2) five-year renewal option periods, for up to a 20-year total term.
The property is positioned on an out-parcel to the Downtown Sanford commercial corridor and is described as being within a strong retail corridor surrounded by national and local tenants, shopping centers, and hospitality accommodations.
Key Highlights
- Dollar Tree at 550 W. 1st St, Sanford, FL—single‑tenant retail property built in 2023
- 14,129 SF building on 1.26 acres
- 10‑year double‑net (NN) lease with approximately 7.4 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$279,825
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,596,500
$5.6M
Cap Rate 7%
$3,997,500
$4.0M
Cap Rate 9%
$3,109,167
$3.1M
Market Conditions
NOI Build-Up for 14,250 SF
Gross rent
$413.8K $29.04/SF
− Vacancy
−$14.1K −$0.99/SF
EGI
$399.8K $28.05/SF
− OpEx
−$119.9K −$8.42/SF
NOI
$279.8K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,596,500
Cap Rate 7%
$3,997,500
Cap Rate 9%
$3,109,167
Alternative Uses
Best Use
Retail
$4.00M
$3.50M – $4.66M
NOI $279,825 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,860 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 32771, FL
57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail property available for sale, operated under a 10-year double-net lease with remaining term.
Where is this retail space located?
The property is located at 550 West 1st Street Sanford Sanford, FL.
What is the asking price?
The asking price for this property is $4,203,669.
What are key features of this property?
This property features: Dollar Tree at 550 W. 1st St, Sanford, FL—single‑tenant retail property built in 2023; 14,129 SF building on 1.26 acres; 10‑year double‑net (NN) lease with approximately 7.4 years remaining
