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Investment Highlights

  • 10-year lease extension executed, securing cash flow through December 31, 2037.
  • Four 5-year renewal options with 10% rent increases at each option start.
  • Lease guaranteed by Family Dollar Stores of Florida, LLC.
  • 7.00% cap rate with $112,200 annual rent ($9,350/month) for the full term.
  • Income-tax-free state — ideal for 1031 exchange buyers seeking long-term yield.
  • Limited local competition in rural Putnam County captures consistent daily-needs traffic.

Executive Summary

Broker of Record
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,180 SF
Building Class
A
Year Built
2007
Price
$2,210,244 CAD
Price Per SF
$240.77 CAD
Cap Rate
7%
NOI
$154,717 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.64 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Triple Net
  • Jul 2017

Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Triple Net Jul 2017
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
15-10-24-4050-0290-1492
Land Assessment
$298,347 CAD
Improvements Assessment
$1,520,732 CAD
Total Assessment
$1,819,080 CAD
  • Listing ID: 41952252

  • Date on Market: 2026-08-31

  • Last Updated:

  • Address: 109 S County Road 315, Interlachen, FL 32148

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