2340 Hwy Lake Alfred, FL 33881
- Retail properties
- 9,100 SF
- 1.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2340 Hwy
- Year built
- 2007
- Lot size
- 1.07 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
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
- Lake Alfred
- County
- Polk
- State
- Florida
- Longitude
- -81.7352
- Latitude
- 28.047
