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    224 3Rd St Lantana, FL 33462

    Sponsored
    For Sale
    $2,284,300

    High-yield, Net Lease Dollar Tree

    Property size:
    10,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fee-simple, 10,344 square foot Dollar Tree in Lantana, Florida presents a compelling investment opportunity. The property, built in 2018, is situated on a 0.74-acre lot at 224 N 3rd St, 33462, boasting high visibility and convenient access to I-95 and US 1. Currently operating under a 10-year net lease (NN) with approximately 4.3 years remaining, the lease includes three five-year renewal options with rent bumps. The tenant, Dollar Tree Stores, Inc., is credit-rated and provides a corporate guarantee, ensuring a stable income stream. The property features 39 parking spaces and a 6.00% cap rate, generating a net operating income (NOI) of $137,058. This Class B retail building offers a strong return on investment in a thriving Palm Beach County location. The single-tenant occupancy is currently at 100%. This is a 1031 exchange eligible property. The property is a single-story building.

    Property Features for 224 3Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,344 SF
    Class
    B

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Palm Beach County, Florida location.
    • Lantana, FL; East of I‑95 and US‑1, in an area of new development.
    • Corporate guaranteed lease.
    • 10‑year lease commenced 2019; 4.5 years remaining.
    • Three, five‑year renewal options.
    • Double net (NN) lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lantana
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.053024151421
    Latitude
    26.586308562963

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, Net Lease Dollar Tree
    Where is this individual retail property located?
    The property is located at 224 3Rd St Lantana, FL.
    What is the asking price?
    The asking price for this property is $2,284,300.
    What are key features of this property?
    This property features: Palm Beach County, Florida location.; Lantana, FL; East of I-95 and US-1, in an area of new development.; Corporate guaranteed lease.
    Request Owner's contact information
    224 3Rd St Lantana, FL 33462
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    Lantana, FL 33462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 3Rd St Lantana, FL 33462
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