2095 Us-1 Vero Beach, FL 32962
- Retail properties
- 9,002 SF
- 2.54 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2095 Us-1
- Year built
- 2024
- Lot size
- 2.54 lot acres
- Property size
- 9,002 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 9,002-square-foot Dollar General store in Vero Beach, Florida. Built in 2024, this Class A, single-tenant property sits on a 2.54-acre lot with prominent US Highway 1 frontage, ensuring high visibility and traffic exposure. The property boasts 47 parking spaces and is zoned CG. A new 15.1-year lease commenced September 11, 2024, and includes three 5-year renewal options with 10% rent increases at the start of each renewal. The current Net Operating Income (NOI) is $174,552, yielding a 5.50% cap rate. The asking price is $3,173,672. This is a fee-simple ownership, NNN lease with a credit-rated, corporate-guaranteed tenant. Dollar General, a nationally recognized investment-grade tenant (BBB/Baa2), occupies the entire space at 100% occupancy. The property benefits from its location in a high-growth area, with Vero Beach experiencing consistent population and economic growth. This is a rare opportunity to acquire a stable, long-term investment with a strong tenant and significant upside potential. The lease expires October 31, 2039.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3694
- Latitude
- 27.5633
