| Purchase Price | $1,420,000 |
|---|---|
| Annual Rental Income | $127,800 |
| Cap Rate | 9% |
| Lease Term | 10 Years |
| City | Palatka |
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Family Dollar – Palatka, FL
This Family Dollar property in Palatka, Florida is backed by a long-term net lease with a nationally recognized discount retailer. Offering passive income and a recession-resistant retail model, the asset is well positioned within a value-focused tenant category that consistently performs across economic cycles.
Tenant Overview
Family Dollar, a subsidiary of Dollar Tree Inc., operates over 8,000 stores nationwide. Known for its convenience and affordability, Family Dollar serves low- to middle-income communities with a wide selection of everyday merchandise. Product categories include groceries, household goods, health and beauty items, seasonal merchandise, apparel basics, toys, and pet supplies—all tailored for budget-conscious consumers.
Net Lease Structure
The property is subject to a long-term net lease, typically structured as NN or NNN, with the tenant responsible for real estate taxes, insurance, and often maintenance. This lease format reduces ownership obligations and provides predictable, passive cash flow, making the asset ideal for investors seeking long-term stability with minimal oversight.
Palatka Market Overview
Palatka is the county seat of Putnam County, located in Northeast Florida along the St. Johns River. The city functions as a regional hub for surrounding rural areas and is supported by a mix of industrial, educational, healthcare, and tourism-related employers. Its historic downtown, proximity to nature preserves, and ongoing revitalization efforts contribute to its economic diversity.
Demographics & Demand Drivers
Palatka and its surrounding trade area are home to a population that skews toward working-class households and retirees. Median household income in the area falls below the national average, creating steady demand for affordable retail options. Family Dollar’s price-conscious product mix is well aligned with the spending habits of the local community.
Retail Relevance
Family Dollar provides critical access to basic goods for residents in Palatka, particularly in areas where larger-format retailers may be less accessible. The store’s convenience, product range, and low pricing make it a frequent stop for households seeking value. It plays a foundational role in the local retail landscape, supporting recurring traffic and dependable sales.
Investment Highlights