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Dollar Tree | Below Market Rent 550 W 1st St 14,129 SF Retail Building Sanford, FL 32771 $5,853,903 CAD ($414.32 CAD/SF) 6.05% Cap Rate

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Investment Highlights

Brand-new 2023 construction offering minimal near-term capital expenditure risk
Strong visibility and access along W. 1st Street in growing Sanford, FL market
Landlord-friendly NN structure, with landlord responsible only for roof & structure

Corporate-guaranteed lease providing secure, reliable income stream
Proximity to Seminole Towne Center, a major regional mall anchored by Dick’s Sporting Goods, Burlington, Old Navy, JCPenney, Dillard’s, and Macy’s

Executive Summary

CBRE is pleased to present the exclusive listing for the Dollar Tree located at 550 W. 1st St, in Sanford, FL. The site consists of 14,129 total square feet of building space and sits on 1.26 acres of land. The site will be subject to a 10-Year Double-Net (NN) Lease with roughly 7.4 years remaining. Starting in year one, the base rent shall be $254,322. The lease will call for a 6.00% rental escalation in year six of the lease, with two (2), five (5)-year renewal option periods (20-year total term).
The subject property benefits from being located in a strong retail corridor surrounded by national and local tenants, shopping centers, and hospitality accommodations. Located on an out-parcel to the Downtown Sanford commercial corridor, the subject property is surrounded by the following major retailers in the immediate area, including Target and Walmart, which are both identified as major superstores serving the Sanford market. Additionally, the nearby Seminole Towne Center—a major regional mall—hosts national anchors such as Dick’s Sporting Goods, Burlington, Old Navy, JCPenney, Dillard’s, and Macy’s, all located within the broader Sanford retail trade area.

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$354,161	$25.07

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	-
Annual Per SF	-

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	-
Annual Per SF	-

Net Operating Income (CAD)
Annual	$354,161
Annual Per SF	$25.07

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

14,129 SF

Building Class

Year Built/Renovated

2003/2023

Price

$5,853,903 CAD

Price Per SF

$414.32 CAD

Cap Rate

6.05%

NOI

$354,161 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.24

Lot Size

1.36 AC

Zoning

SC3, Sanford - Special Commercial

Frontage

146’ on 1st St

Bus Line
Pylon Sign

Signage

Signalized Intersection

Drive Thru

Major Tenants

Retailer
-
-
-

Dollar Tree began with a variety store in Norfolk, Virginia, in the 1950s and later emerged as a dollar-store chain under the Only $1.00 banner in the 1980s. The business changed its name to Dollar Tree Stores in the 1990s, went public soon after, and later expanded further through acquisitions that included Family Dollar. Today, the company operates a wide network of stores across the United States and Canada, and its merchandise spans housewares, cleaning supplies, food and snacks, health and beauty items, toys, gifts, party supplies, stationery, and seasonal décor.