224 3Rd St Lantana, FL 33462
- Retail space
- 10,350 SF
- 0.74 lot acres
Current Use by Public Records
- Retail space
Property Details for 224 3Rd St
- Year built
- 2018
- Construction
- CONCRETE
- Lot size
- 0.74 lot acres
- Property size
- 10,350 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 40-43-45-03-11-021-0041
- APU
- 40434503110210041
Description
This fee-simple, 10,344 square foot Dollar Tree in Lantana, Florida presents a compelling investment opportunity. The property, built in 2018, is situated on a 0.74-acre lot at 224 N 3rd St, 33462, boasting high visibility and convenient access to I-95 and US 1. Currently operating under a 10-year net lease (NN) with approximately 4.3 years remaining, the lease includes three five-year renewal options with rent bumps. The tenant, Dollar Tree Stores, Inc., is credit-rated and provides a corporate guarantee, ensuring a stable income stream. The property features 39 parking spaces and a 6.00% cap rate, generating a net operating income (NOI) of $137,058. This Class B retail building offers a strong return on investment in a thriving Palm Beach County location. The single-tenant occupancy is currently at 100%. This is a 1031 exchange eligible property. The property is a single-story building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lantana
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0527
- Latitude
- 26.586
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
