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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2340 Hwy Lake Alfred, FL 33881

9,100 SF 1.07 ac lot Built 2007
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple owned, single-tenant Dollar General storefront in Winter Haven, Florida. The property boasts a 9,100 square foot building on a 1.07-acre lot, constructed in 2007 and renovated in 2012. Currently operating under a Net Net lease with a credit-rated tenant, the lease has a remaining term of approximately four years, with three five-year renewal options. The property enjoys a 7.15% cap rate and a strong NOI of $135,050, based on a $207.69 per square foot price. The property features 36 parking spaces and is strategically located on US Highway 17 in a dense retail corridor, ideally situated next to a Home Depot-anchored center. The C-3 Highway Commercial zoning provides flexibility, and the property benefits from a high volume of daily traffic (33,000 vehicles per day). This investment offers limited landlord responsibilities and a strong, established brand with a corporate guarantee. The property's location within a major tourist area and its proximity to a robust consumer base further enhance its investment appeal. The asking price is $1,890,000. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2007
Total area 9,100 SF
Lot 1.07 ac (46,609 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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