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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2991 Fl-121 Morriston, FL 32668

9,240 SF 1.37 ac lot Built 2015
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 9,240 square foot Family Dollar store in Morriston, Florida. Located at 2991 FL-121, Levy County, this single-tenant, net lease property boasts a strong 8.35% cap rate and a substantial net operating income (NOI) of $108,576. Built in 2015 on a 1.37-acre lot, the property features a 14.9-year lease with Family Dollar, currently having 5.9 years remaining until the initial term expires. The lease includes four 5-year renewal options and built-in rent bumps every three years, ensuring consistent income growth. The property enjoys 100% occupancy and is priced at $1,299,999, or $140.69 per square foot. This fee-simple ownership offers a secure investment in a thriving community, strategically positioned on a major roadway for optimal visibility and accessibility. The property's location near Ocala and Gainesville provides access to a larger regional market. This is a prime opportunity for investors seeking a stable, high-performing retail asset with significant long-term potential. The property is a free-standing building and the lease is corporate-guaranteed.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 9,240 SF
Lot 1.37 ac (59,677 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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