Dollar Tree

Sun Realty Partners is pleased to offer the opportunity to acquire a a freestanding, NN Leased Dollar Tree store on an outstanding piece of real estate in Fort Myers, FL. The 2.14 acre site is an outparcel to South Pointe Center, anchored by Walmart Market and Harbor Freight Tools and is directly across the street from Publix anchored South Pointe Commons. Other notable tenants within about 100 yards include RaceTrac (Gas), Chase Bank, Fifth Third Bank, CVS and McDonalds. Within about 400 yards is a brand new multifamily development, The Inspiration at South Pointe with 296 units.

The site is located near the signalized intersection of College Parkway (54,000 VPD) and South Pointe Blvd (10,300 VPD) with six points of ingress/egress accessing both roads. The visibility is outstanding with 54,000 vehicles per day passing within feet of the storefront with a clear and unobstructed view of the property. This is among the best real estate of any dollar store in Florida. Fort Myers is also among the most popular and fastest growing cities in Florida and the already dense area around the property boasts a 5 mile population of over 163,000 people with an average annual income over $83,000.

Dollar Tree is currently in the 7th year of their original 10 year lease with a little over 2 years remaining until their first option with a rent increase of about $5200 per year. The NN lease provides for easy passive ownership with the Landlord responsible for roof and structure. The new owner of this property will enjoy a 2016 roof with a 20 year transferrable warranty and new exterior paint in 2022. This property provides an investor with an investment grade tenant (S&P BBB) on an outstanding piece of real estate in one of the best Florida markets with no state income tax, a truly unique opportunity.