$2,283,392.00, 5.25% cap rate based on current, annual base rent
● RARE large city Dollar General store with great demographics and traffic
● Base term of lease expires 08.31.31
● Absolute triple net lease
● Dollar General Corporation (NYSE: DG) guarantees the lease with an Investment Grade S&P credit rating of BBB
● Dollar General operated 16,720 stores in 46 states as of July 31, 2020
● Wendy’s, McDonald’s, 7-Eleven in immediate area
● Florida single tenant properties usually more in demand than other states
● Approximate 7,525 square foot building on about .6887 acres
● Three, five year options each with a ten percent rent increase
● 110,011 living within three miles (01.01.18). EXTAORDINARY NUMBERS FOR A DG
● 327,406 living within five miles (01.01.18). EXTRAORDINARY NUMBERS FOR A DG
● Owner has re-certified survey dated 03.30.18 and re-certified phase one from April of 2018.
● Easy to purchase and easy to own
● Great access and tons of traffic.
● Upgraded construction.
● Absolute triple net lease.
● Built by one of Dollar General's best, long time Florida developers.
David B Zacharia of DZ Net Lease Realty, LLC is a licensed real estate broker in Florida
David B Zacharia of DZ Net Lease Realty, LLC does not guaranty the accuracy of any marketing information for this property and recommends potential buyers complete their own, independent investigation of this asset prior to purchasing including but not limited to reviewing the lease, zoning, and property in person.