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Dunnellon Commons 11150 N Williams St 15,525 SF 100% Leased Retail Building Dunnellon, FL 34432 $6,464,010 CAD ($416.36 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Located as an outparcel to a Super Walmart, the property benefits from strong customer traffic
  • Average rents in the high teens; CoStar shows market rents in the low $20s
  • All leases are NNN; tenants cover CAM, real estate taxes, and insurance
  • 10-tenant strip center with a mix of corporate and regional retailers
  • Around 80% of tenants have been in place for nearly 20 years
  • Anchored by regional and national brands

EXECUTIVE SUMMARY

The TRG Group is pleased to present this rare non-anchored retail strip center, strategically positioned as an outparcel to a high-performing Super Walmart. This 10-tenant center benefits from strong daily traffic driven by Walmart and surrounding national brands such as Publix, McDonald’s, Dunkin’ Donuts, Aldi, and Wendy’s—creating consistent visibility and foot traffic.
The center features a diverse mix of corporate and regional tenants, with approximately 80% of tenants having remained in place for nearly 20 years. All tenants operate under NNN leases, covering CAM, real estate taxes, and insurance, minimizing landlord responsibilities. With average in-place rents in the high teens and CoStar reporting market rents in the low $20s per SF, the asset offers a compelling value-add opportunity through rent adjustments over time.
Additional benefits include ample on-site parking with 50+ spaces, a history of strong occupancy, and a location in a state with no income tax—making this an attractive, low-maintenance investment opportunity under the $5 million price point.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
15,525 SF
Building Class
B
Year Built
2006
Price
$6,464,010 CAD
Price Per SF
$416.36 CAD
Cap Rate
5.75%
NOI
$371,680 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.35 AC
Zoning
B4
Parking
50 Spaces (3.22 Spaces per 1,000 SF Leased)

NEARBY MAJOR RETAILERS

Workout Anytime
Publix
Bank of America
Truist
Regions Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
33607-001-05
Land Assessment
$492,531 CAD
Improvements Assessment
$2,092,452 CAD
Total Assessment
$2,584,983 CAD
  • Listing ID: 35537449

  • Date on Market: 2025-04-17

  • Last Updated:

  • Address: 11150 N Williams St, Dunnellon, FL 34432

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