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Dollar Tree | Below Market Rent 550 W 1st St 14,129 SF Retail Building Sanford, FL 32771 $5,974,380 CAD ($422.85 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	$361,450	$25.58

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	$361,450
Annual Per SF	$25.58

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

14,129 SF

Building Class

Year Built/Renovated

2003/2023

Price

$5,974,380 CAD

Price Per SF

$422.85 CAD

Cap Rate

6.05%

NOI

$361,450 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 in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.