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Dollar Tree 4235 Palm Beach Blvd 12,657 SF Retail Building Fort Myers, FL 33905 $3,684,010 CAD ($291.07 CAD/SF) 6.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Freestanding 12,657 SF building on 1.4-acre lot with excellent visibility and parking.
- Strong demographics: Rapid population growth (3.6%-3.8% annually projected 2023-2028) in a dense retail corridor near I-75.
- High-traffic location: Over 30,700 VPD on Palm Beach Blvd (SR-80), surrounded by national retailers (McDonald's, Walgreens, Dunkin', Wells Fargo, CVS,
- Store Performance: Ranks in the 86th percentile nationwide (AlphaMap data).
EXECUTIVE SUMMARY
Presenting an outstanding single-tenant net-leased investment opportunity at 4235 Palm Beach Blvd, Fort Myers, FL 33905—a freestanding 12,657 SF Dollar Tree store on a 1.4-acre lot, priced at $2,675,000 with a 6.75% cap rate. This high-performing location ranks in the 86th percentile nationwide per AlphaMap data and benefits from exceptional visibility with over 30,700 vehicles per day on Palm Beach Blvd (SR-80), surrounded by national retailers including McDonald's, Walgreens, Dunkin', Wells Fargo, CVS, Dollar General, Popeyes, and AutoZone in a dense, growing retail corridor near I-75. The NN lease (landlord responsible only for roof and structure) features current annual rent of $180,669, expiration on 7/31/2031, two 5-year renewal options, and 5% increases every 5 years, delivering passive income with built-in growth and minimal obligations. Backed by investment-grade tenant Dollar Tree, Inc. (NASDAQ: DLTR; S&P BBB, stable outlook)—a Fortune 200 discount retailer now focused solely on its core brand with over 9,000 stores and projected FY2025 revenue of approximately $19.4 billion post-Family Dollar divestiture—this turnkey asset in booming, income tax-free Florida offers strong demographics (3.6%-3.8% annual population growth projected through 2028) and ideal appeal for 1031 exchanges or portfolio enhancement. Contact Silber Investment Properties at (516) 864-8000 or www.SilberProperties.com for details; information subject to verification and offered subject to prior sale or withdrawal.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,657 SF
Building Class
B
Year Built
2016
Price
$3,684,010 CAD
Price Per SF
$291.07 CAD
Cap Rate
6.75%
NOI
$248,817 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.51 AC
Zoning
C1
Parking
60 Spaces (4.74 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-44-25-P2-00066.0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,099,343 CAD |
PROPERTY TAXES
Parcel Number
08-44-25-P2-00066.0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,099,343 CAD
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Dollar Tree | 4235 Palm Beach Blvd
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