224 3Rd StLantana, FL 33462

This fee-simple, 10,344 square foot Dollar Tree in Lantana, Florida presents a compelling investment opportunity. The property, built in 2018, is situated on a 0.74-acre lot at 224 N 3rd St, 33462, boasting high visibility and convenient access to I-95 and US 1. Currently operating under a 10-year net lease (NN) with approximately 4.3 years remaining, the lease includes three five-year renewal options with rent bumps. The tenant, Dollar Tree Stores, Inc., is credit-rated and provides a corporate guarantee, ensuring a stable income stream. The property features 39 parking spaces and a 6.00% cap rate, generating a net operating income (NOI) of $137,058. This Class B retail building offers a strong return on investment in a thriving Palm Beach County location. The single-tenant occupancy is currently at 100%. This is a 1031 exchange eligible property. The property is a single-story building.