9563 Old Lakeland Hwy Dade City, FL 33525
This exceptional investment opportunity presents the chance to acquire a brand-new, 10,640-square-foot Dollar General store located at 9563 Old Lakeland Hwy, Dade City, Florida, 33525. The property sits on a 2-acre lot and boasts upgraded brick and Hardie plank construction, a significant upgrade from the standard metal exterior. Secured by a 15-year NNN lease with Dollar General Corporation, the nation's largest discount retailer, this investment offers exceptional stability and passive income. The lease, expiring October 31, 2039, includes 5% rental escalations every five years, further enhancing the return. Dollar General holds an investment-grade credit rating of BBB/Stable from S&P Global Ratings, minimizing risk. The property's strategic location on the outskirts of Dade City capitalizes on the limited presence of national retail chains, ensuring minimal competition and strong potential for high performance. With a 6.35% cap rate and a net operating income (NOI) of $175,512, this offering presents a rare opportunity to acquire a highly passive asset backed by a top-rated national tenant. The asking price is $2,763,970, translating to $259.77 per square foot. This is a tax-free state investment with strong demographics and limited competition.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.