Dunnellon, FL - Dunnellon Commons
$4,691,803
11150 N Williams St, Dunnellon, FL 34432
5.75
Cap Rate
269,779
NOI
Details:
Description:
• 100% leased 10-tenant center
• Majority of tenants have occupied the project for more than five years, two tenants have an operating history of over 10 years at the location.
• Subway, China Wok, Advance America, Pinch A Penny and Little Caesars have operated at the location for 20 years
• Verizon recently renewed their lease in 2024 and is operated by one of the largest franchisees in the country, backed by Round Room which operates 1200+ locations
• Multiple tenants recently renewed have one or more options to extend showing their commitment to the site
• The subject property is located directly outparcel to a Walmart supercenter. This Walmart is part of a $1.6 billion initiative to renovate Florida stores and is one of the top locations with over 2 million annual visitations (placer.ai)
• Across from Dunnellon Plaza which is anchored by Aldi and Dollar Tree
• Less than two miles north of Rainbow Square with major tenants including Publix, Beall’s, Tractor Supply and more
• Strong tenant synergy promotes crossover shopping to the subject property
Location
Gallery