Fort Myers Retail for Sale - City of Ft Myers
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.