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Dollar Tree Center | Value-Add Opportunity | Income Tax Free State

715 N Courtenay Pkwy, Merritt Island, FL 32953

Listing Price: $5,800,000

Cap Rate
5.08%
Rentable SF
64,132
Lot Size
6.40 acres
Year Built
1966

Investment Overview

Dollar Tree Center is an excellent Value-Add opportunity for any buyer. It's currently just under 70% occupied. The center is anchored by Dollar Tree since 2004. An investor has options to increase returns on a Value-Add opportunity through lease up and possible pad development. The subject center benefits from its prime location with over 33,000 AADT on North Courtenay Parkway. Its proximity to the heart of the "Space Coast", the area on the eastern shoreline of Florida that houses major space companies such as Space X, NASA, and others. This retail plaza is primed to explode with growth from these companies.

Investment Highlights

  • Excellent Value-Add Opportunity
  • Access to over 28,500 AADT on Courtenay Parkway
  • 5 Mile Population of 84,000+
  • Ideal Location on the "Space Coast"

Exclusively Listed By

Shopping Strip

Dollar Tree Center | Value-Add Opportunity | Income Tax Free State

Listing Price: $5,800,000

Cap Rate
5.08%
Rentable SF
64,132
Lot Size
6.40 acres
Year Built
1966

Investment Highlights

  • Excellent Value-Add Opportunity
  • Access to over 28,500 AADT on Courtenay Parkway
  • 5 Mile Population of 84,000+
  • Ideal Location on the "Space Coast"

Investment Overview

Dollar Tree Center is an excellent Value-Add opportunity for any buyer. It's currently just under 70% occupied. The center is anchored by Dollar Tree since 2004. An investor has options to increase returns on a Value-Add opportunity through lease up and possible pad development. The subject center benefits from its prime location with over 33,000 AADT on North Courtenay Parkway. Its proximity to the heart of the "Space Coast", the area on the eastern shoreline of Florida that houses major space companies such as Space X, NASA, and others. This retail plaza is primed to explode with growth from these companies.

Exclusively Listed By

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