Current Use by Public Records
- Retail properties & Spaces
Property Details for 11820 Fl-54
- Year built
- 2023
- Lot size
- 0.85 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
Exceptional investment opportunity: A brand-new, 10,000-square-foot Dollar Tree grocery store in Odessa, Florida. This Class A, single-tenant, net-lease property boasts a 10-year lease commencing December 1, 2023, with a corporate guarantee and rent bumps. Located at 11820 FL-54, Odessa, FL 33556, on a 0.85-acre lot, the property features 36 parking spaces and benefits from high traffic counts and proximity to major retailers. The building, constructed in 2023, is situated in a MPUD zoned area within Pasco County. The asking price is $3,600,000, representing a $360 per square foot cost and a 6.00% cap rate. The lease includes 5, 5-year renewal options, ensuring long-term stability. With 100% occupancy since its December 1, 2023 opening, this investment offers a secure and lucrative return. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Pasco
- State
- Florida
- Longitude
- -82.6198
- Latitude
- 28.1888
