224 3Rd St Lantana, FL 33462
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High-yield, Net Lease Dollar Tree
Property size:
10,344 SFProperty 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
Listing Agency: Strategic Realty Services, LLC Listing Agent: D. Glen Alexander
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
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.
