Dollar General NNN
For Sale
Contact for pricing
9950 Hidden River Dr, Orlando, FL 32829
Absolute NNN lease structure places no landlord responsibilities on the property owner.
Property Size9,262 SF
Price / SF$239.37
Days on Market152
Property Features for 9950 Hidden River Dr
General Information
Standard status
Active
Size
9,262 SF
Property subtype
RETAIL
Additional Details
Gross Income
$138,567
Listing Agency:
Marcus & Millichap | Tampa
(813) 387-4726
Listed By:
Reid Thedford · License #SL3433461
Source:
Moodyscre
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 10:29AM
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 Marcus & Millichap | Tampa
Investment Insights
Based on property information with market context.
This 9,262-square-foot Dollar General property in Orlando is subject to an original 15-year lease, with 3.5 years remaining on the current term. The agreement uses an absolute NNN structure, assigning landlord responsibilities away from the owner.
The lease includes four additional 5-year option periods, with a 10% rent increase scheduled in each option. The property is located at 9950 Hidden River Dr, Orlando, FL 32829.
The lease includes four additional 5-year option periods, with a 10% rent increase scheduled in each option. The property is located at 9950 Hidden River Dr, Orlando, FL 32829.
Key Highlights
- Dollar General property totaling 9,262 square feet
- 3.5 years remaining on the original 15‑year lease
- Absolute NNN structure with no landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$181,876
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,637,520
$3.6M
Cap Rate 7%
$2,598,229
$2.6M
Cap Rate 9%
$2,020,844
$2.0M
Market Conditions
NOI Build-Up for 9,262 SF
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.
Gross rent
$269.0K $29.04/SF
− Vacancy
−$9.1K −$0.99/SF
EGI
$259.8K $28.05/SF
− OpEx
−$77.9K −$8.42/SF
NOI
$181.9K $19.64/SF
Area
Orlando, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,637,520
Cap Rate 7%
$2,598,229
Cap Rate 9%
$2,020,844
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,876 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,853 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
215k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 27%
Dining 26%
Electronics 1%
Publix
Groceries
38,433 visits/mo
0.4 miles
Wawa
Shops & Services
36,588 visits/mo
0.2 miles
McDonald's
Dining
26,715 visits/mo
0.1 miles
RaceTrac
Shops & Services
26,667 visits/mo
0.3 miles
Aldi
Groceries
19,925 visits/mo
0.4 miles
Demographics for 32829, FL
20,629
Population
7,432
Households
2.8
Avg Household Size
36
Median Age
39%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$94,138
Median Household Income
$46,530
Median Earnings
$1,858
Median Rent
$348,800
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease structure places no landlord responsibilities on the property owner.
Where is this nnn property located?
The property is located at 9950 Hidden River Dr Orlando, FL.
What is the asking price?
The asking price for this property is $2,217,000.
What are key features of this property?
This property features: Dollar General property totaling 9,262 square feet; 3.5 years remaining on the original 15‑year lease; Absolute NNN structure with no landlord responsibilities
