Retail Store on
550 West 1st Street Sanford, FL 32771
For Sale
Contact for pricing
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 Market149
Property Features for 550 West 1st Street
General Information
- Standard status
- Active
- Size
- 14,250 SF
- Lot size
- 1.26 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing Agency:
CBRE - Orlando
(407) 839-3123
Listed By:
Alexander Doolin · License #NY #10401333620
Source:
Crexi
Added: Feb 25
Changed: Jul 23
Last Checked: Jul 23 at 5:58PM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $413.8k | $29.04 |
| − Vacancy | −$14.1k | −$0.99 |
| EGI | $399.8k | $28.05 |
| − OpEx | −$119.9k | −$8.42 |
| NOI | $279.8k | $19.64 |
14,250 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar Tree
Discount Store
FAQs
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, 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
