1113 W 1st St
Sanford, FL 32771
Commerce de détail Propriété À vendre

This offering presents a fee-simple interest in a Dollar General property located at 1113 W 1st Street in Sanford, Florida. The asset is secured by a long-term Triple Net (NNN) lease with Dollar General, a nationally recognized discount retailer operating over 20,600 stores across 48 states. The lease commenced in April 2016 and runs through March 2031, providing more than five years of remaining primary term, along with four additional five-year renewal options. Rent escalations of 10% every five years further enhance income growth potential.
The property occupies a 1.57-acre parcel and features a 7,489-square-foot building constructed in 2016, ensuring modern design and minimal near-term capital requirements. Positioned within the Orlando-Kissimmee-Sanford metropolitan area, Sanford benefits from strong population growth, rising household incomes, and a diversified economic base. The site enjoys proximity to major transportation corridors, including Interstate 4 and Orlando Sanford International Airport, supporting consistent consumer traffic.
This investment offers a stable, predictable income stream backed by a credit-rated tenant and an absolute NNN structure, which shifts all operating expenses to the tenant. With a purchase price of $1,697,000 and a 6.40% cap rate, this property represents an attractive opportunity for investors seeking long-term, passive income in a high-growth Florida market.