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Family Dollar

110 S Kirkman Rd, Orlando, FL 32811

Listing Price: $2,250,000

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
1.1
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$245.10
Lease Type
Double Net
Rent Per Square Feet
$14.71

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Family Dollar located at 110 South Kirkman Road in Orlando, Florida. This investment opportunity is being offered at $2,250,000 which represents a 6.0 percent capitalization rate. The subject property sits on a 1.26-acre parcel and consists of 9,180 rentable square feet. Built-to-suit in 2007, Family Dollar is subject to a double net lease agreement which currently runs through June 30, 2023, with one renewal option containing a 35 percent increase in rent. Landlord responsibilities are limited to roof, structure, and parking lot replacement. The tenant handles common area maintenance, HVAC repair/replacement and reimburses for both real estate taxes and property insurance. This site is located just 7 miles west of Downtown Orlando and 5 miles north of Universal Studios. Kirkman Road acts as a main thoroughfare connecting toll roads and interstates to all the major attractions Orlando has to offer. The Family Dollar benefits from robust traffic counts of nearly 53,000 vehicles per day along Kirkman Road, over 29,000 vehicles per day along Old Winter Garden Road and 73,500 vehicles passing along Toll Road 408. An astounding 303,000 residents live within 5 miles of the property and this number is expected to increase 4.5 percent by 2026. Orlando, Florida is the county seat of Orange County and home to over 2.5 million residents within the metropolitan area. Benefiting from being the 23rd largest metro in the country and the 6th largest in the southeast, Orlando is predominately known for conventions, concerts, and world-renowned theme parks such as Universal Studios, Magic Kingdom, Epcot, Aquatica Park, and Disney World which attract over 75 million visitors annually.

Investment Highlights

  • Double Net Lease With 1.3 Years Remaining
  • 35% Rental Increase In 2023
  • Over 52,900 Vehicles Pass The Site Daily

Exclusively Listed By

Discount

Family Dollar

Listing Price: $2,250,000

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
1.1
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$245.10
Lease Type
Double Net
Rent Per Square Feet
$14.71

Investment Highlights

  • Double Net Lease With 1.3 Years Remaining
  • 35% Rental Increase In 2023
  • Over 52,900 Vehicles Pass The Site Daily

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Family Dollar located at 110 South Kirkman Road in Orlando, Florida. This investment opportunity is being offered at $2,250,000 which represents a 6.0 percent capitalization rate. The subject property sits on a 1.26-acre parcel and consists of 9,180 rentable square feet. Built-to-suit in 2007, Family Dollar is subject to a double net lease agreement which currently runs through June 30, 2023, with one renewal option containing a 35 percent increase in rent. Landlord responsibilities are limited to roof, structure, and parking lot replacement. The tenant handles common area maintenance, HVAC repair/replacement and reimburses for both real estate taxes and property insurance. This site is located just 7 miles west of Downtown Orlando and 5 miles north of Universal Studios. Kirkman Road acts as a main thoroughfare connecting toll roads and interstates to all the major attractions Orlando has to offer. The Family Dollar benefits from robust traffic counts of nearly 53,000 vehicles per day along Kirkman Road, over 29,000 vehicles per day along Old Winter Garden Road and 73,500 vehicles passing along Toll Road 408. An astounding 303,000 residents live within 5 miles of the property and this number is expected to increase 4.5 percent by 2026. Orlando, Florida is the county seat of Orange County and home to over 2.5 million residents within the metropolitan area. Benefiting from being the 23rd largest metro in the country and the 6th largest in the southeast, Orlando is predominately known for conventions, concerts, and world-renowned theme parks such as Universal Studios, Magic Kingdom, Epcot, Aquatica Park, and Disney World which attract over 75 million visitors annually.

Exclusively Listed By

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