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Dollar General | McDavid, FL

7100 FL-97, McDavid, FL 32568

Listing Price: $1,976,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$185.71
Lease Type
Absolute Net
Rent Per Square Feet
$9.75

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in McDavid (Escambia 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 Upgraded Construction | Dollar General's Newest 10,640 SF. Prototype | Anticipated Store Opening in November 2022
  • The Asset is Located Along Florida Highway 97 with Traffic Counts in Excess of 6,400 Cars Per Day
  • Next to Earnest Ward Middle School and Walnut Hill Christian School | Over 500 Students in Total | Major Traffic Generators for the Site
  • 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 | 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 | McDavid, FL

Listing Price: $1,976,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$185.71
Lease Type
Absolute Net
Rent Per Square Feet
$9.75

Investment Highlights

  • Brand New 2022 Upgraded Construction | Dollar General's Newest 10,640 SF. Prototype | Anticipated Store Opening in November 2022
  • The Asset is Located Along Florida Highway 97 with Traffic Counts in Excess of 6,400 Cars Per Day
  • Next to Earnest Ward Middle School and Walnut Hill Christian School | Over 500 Students in Total | Major Traffic Generators for the Site
  • 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 | Recession Proof Tenant

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in McDavid (Escambia 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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