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550 W 1st St
Sanford, FL 32771
Dollar Tree | Below Market Rent · Retail Property For Sale
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,129 SF
Building Class
C
Year Built/Renovated
2003/2023
Price
$5,757,807 CAD
Price Per SF
$407.52 CAD
Cap Rate
6.05%
NOI
$348,347 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
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 25-19-30-5AG-0208-0010 | Improvements Assessment | $2,006,568 CAD |
| Land Assessment | $1,505,314 CAD | Total Assessment | $3,511,882 CAD |
Property Taxes
Parcel Number
25-19-30-5AG-0208-0010
Land Assessment
$1,505,314 CAD
Improvements Assessment
$2,006,568 CAD
Total Assessment
$3,511,882 CAD
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