Family Dollar (Gainesville MSA) Alachua, Florida

$1,887,000
Closed Single-Tenant
Property type: Single-Tenant Net Lease

The space

  • Price: $1,887,000
  • Cap Rate: 5.75%
  • Annual Rent: $108,500
  • Rentable Square Feet: 8,320
  • Price PSF: $226.80
  • Land Area: 0.92 Acres
  • Year Built: 2015
  • Lease Type: NNN
  • Lease Expiration: March 31, 2031

Description

15535 NW US Hwy. 441
Alachua, FL 32615

Investment Highlights

  • Long-Term, Triple Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rent Bump Upcoming on April 1, 2026, Which Adjusts the Cap Rate to 6.32 Percent
  • Relocation Store, which is a Very Strong Indicator of Success
  • 15 Miles from the University of Florida, the Top Ranked University in the State with a Total Enrollment of 52,839 Students
  • 10 Percent Rent Increases Every Five Years Beginning in Year 11
  • Dollar Tree Acquired Family Dollar in 2014 – Creating a Combined Organization with Sales Exceeding $19 Billion Annually
  • Located Off Interstate 75 With 68,000 Vehicles Daily | the Main North-South Transportation Corridor for the West Coast of Florida
  • Surrounding National Brands Include Publix Supermarket, Lowe’s, Hitchcock’s Market, Anytime Fitness, Advance Auto Parts, AutoZone, Great Clips, Verizon, AT&T, McDonald’s, Burger King, Taco Bell, Popeye’s, Dunkin’ Donuts, The UPS Store, CVS, Walgreens, Hampton Inn & Suites, Holiday Inn, Quality Inn Alachua, and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Family Dollar in Alachua, FL, Gainesville MSA. This Family Dollar offers a long-term, triple net (NNN) lease with a corporate guaranty and six, five-year tenant renewal options. A 10 percent rent bump is upcoming on April 1, 2026, which adjusts the cap rate to 6.32 percent, and continues every five years thereafter. This is a relocation store, which is a very strong indicator of success.

Dollar Tree acquired Family Dollar in 2014, creating a combined organization with sales exceeding $19 billion annually, ranking 137 on the Fortune 500 list. Made up of two iconic brands, Family Dollar has 8,179 locations and Dollar Tree has 8,114 locations nationwide. Dollar Tree and Family Dollar discount variety stores have served consumers across North America for more than 63 years.

The property is located just 15 miles from the University of Florida, the top ranked university in the state with a total enrollment of 52,839 students. The subject property is also situated off Interstate 75 with 68,000 vehicles daily, the main north-south transportation corridor for the West Coast of Florida, and US-441, with a daily traffic count of more than 23,000 vehicles. US Route 441 is a major roadway acting as a connector between several major urban areas, including Miami, Orlando, Ocala, Gainesville, Athens, and Knoxville. Alachua is the second-largest city in Alachua County and the third largest in north central Florida.

Surrounding national brands include Publix Supermarket, Lowe’s, Hitchcock’s Market, Anytime Fitness, Advance Auto Parts, AutoZone, Great Clips, Verizon, AT&T, McDonald’s, Burger King, Taco Bell, Popeye’s, Dunkin’ Donuts, The UPS Store, CVS, Walgreens, Hampton Inn & Suites, Holiday Inn, Quality Inn Alachua and many more.

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