5866 Stewart St Milton, FL 32570-3632
Property profile & analytics
5866 Stewart St Milton, FL 32570-3632
- Outlet malls
- 10,030 SF
- 1.17 lot acres
Property ID
US18-2153473
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- FedEx OnSite / Postal Service / Courier Service
- Western Union / Bank / Credit Union
Property Details for 5866 Stewart St
- Year built
- 2009
- Construction
- STEEL FRAME
- Lot size
- 1.17 lot acres
- Property size
- 10,030 SF
- Zone code
- C3
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 34-2N-28-2470-02400-0010
- APU
- 342N282470024000010
Description
This exceptional investment opportunity presents a fee-simple ownership of a Dollar General store located at 5866 Stewart St, Milton, FL 32570, in Santa Rosa County. The 9,014 square foot property sits on a 1.41-acre lot and boasts a 7.25% cap rate, generating a net operating income (NOI) of $94,944. Built in 2009, the property benefits from a long-term net lease (NN+) with Dollar General, a credit-rated tenant with a corporate guarantee, extending until September 30, 2030 (6.2 years remaining). The lease includes three, 5-year options with a 10% rent increase every five years. The property enjoys 100% occupancy and benefits from a strong location with daily traffic counts exceeding 16,100 vehicles. The surrounding area features a robust population base, with 100,000 residents within a 10-mile radius and 50,057 within 5 miles, exhibiting an average household income of $96,550 annually. Nearby establishments include Publix, Planet Fitness, Tractor Supply, Truist Bank, Advance Auto, Winn Dixie, and King Middle School and Milton High School. The tenant also contributes an additional $300 monthly towards parking lot maintenance. This property offers a secure, high-yield investment in a prime retail location with a financially stable, essential business tenant. The property is conveniently located 5 miles south of NAS Whiting Field. Dollar General's strong financial performance and commitment to this location, evidenced by an early lease extension, make this a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $722,000
- AI Estimate
- $959,000
Market price range: $262k - $722kMarket price range: $311k - $960k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,180,000
- OFFICE BUILDING
- $595,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.0443
- Latitude
- 30.6479
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,216
$83,265
$825,689
$908,954
-
$83,265
$825,689
$908,954
