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Dollar General

2973 Gamble Rd, Monticello, FL 32344

Listing Price: $2,170,000

Cap Rate
4.95%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$203.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.09

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in Monticello (Jefferson County), Florida. Dollar General signed a fifteen-year triple net lease with five, five year options to extend at 10% increases. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $49.5 billion and an annual revenue north of $33.75 billion.

Investment Highlights

  • Brand New 2022 Construction | Dollar General's Newest 10,640 SF. Prototype | Store Opened in July 2022
  • The Asset is Located Along Gamble Road with Traffic Counts in Excess of 3,300 Cars Per Day
  • Twenty-five Minutes from Tallahassee, State Capital of Florida
  • Tenant is the Nation's Largest Discount Retailer with Over 18,000 Locations in 47 States Ranked 91 on the 2021 Fortune 500 List
  • Investment Grade Tenant | Standard & Poor's "BBB" Rating | In Business Since 1939
  • Net Sales in 2021 were 34.22 Billion | Proven Recession Proof Tenant

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Discount

Dollar General

Listing Price: $2,170,000

Cap Rate
4.95%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$203.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.09

Investment Highlights

  • Brand New 2022 Construction | Dollar General's Newest 10,640 SF. Prototype | Store Opened in July 2022
  • The Asset is Located Along Gamble Road with Traffic Counts in Excess of 3,300 Cars Per Day
  • Twenty-five Minutes from Tallahassee, State Capital of Florida
  • Tenant is the Nation's Largest Discount Retailer with Over 18,000 Locations in 47 States Ranked 91 on the 2021 Fortune 500 List
  • Investment Grade Tenant | Standard & Poor's "BBB" Rating | In Business Since 1939
  • Net Sales in 2021 were 34.22 Billion | Proven Recession Proof Tenant

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in Monticello (Jefferson County), Florida. Dollar General signed a fifteen-year triple net lease with five, five year options to extend at 10% increases. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $49.5 billion and an annual revenue north of $33.75 billion.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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