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Dollar General | Tampa Bay MSA

4218 Gall Blvd, Zephyrhills, FL 33542

Listing Price: $1,649,106

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$181.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.59

Investment Overview

Marcus & Millichap is pleased to exclusively present a Dollar General in the Tampa Bay MSA with a corporately guaranteed triple net lease. There are 5, 5-year options with 10% rental increases every 5 years at the options. Subject property is conveniently located 1.7 miles from Zephyrhills Municipal Airport and Industrial Park. AdventHealth Zephyrhills, an award-winning, 149-bed hospital is 3.4 miles away. AdventHealth Zephyrhills is the only hospital with a comprehensive cardiovascular program in East and Central Pasco County. This property is highly visible, with 268 feet of unobstructed frontage along Gall Boulevard with 23,500 vehicles per day. Major tenants in close proximity include CVS, Walgreens, AutoZone, Harbor Freight, McDonald's, Starbucks, and more. There has been steady population growth in the area, with a 19.6% population increase since 2010. 61,687 people live within five miles, and that number is expected to grow 5% by 2027.

Investment Highlights

  • Dollar General Situated on an Oversized 2.33 Acre Lot in the Tampa Bay MSA
  • Triple Net Lease with 5, 5-Year Options | Corporately Guaranteed
  • Conveniently Located 1.7 Miles from Zephyrhills Municipal Airport
  • 3.4 Miles from AdventHealth Zephyrhills | Award-Winning 149-Bed Regional Medical Center
  • High Visibility Along a Heavily Traveled Road | 23,500 VPD
  • Major Tenants In Close Proximity Include CVS, Walgreens, AutoZone, Advance Auto Parts, Pet Supplies Plus, Harbor Freight Tools, McDonald's, Dunkin', Starbucks, Checkers, and Many More
  • 61,687 People Live Within Five Miles | Population Increased 19.6% Since 2010 | Expected to Grow 5% by 2027

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 | Tampa Bay MSA

Listing Price: $1,649,106

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$181.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.59

Investment Highlights

  • Dollar General Situated on an Oversized 2.33 Acre Lot in the Tampa Bay MSA
  • Triple Net Lease with 5, 5-Year Options | Corporately Guaranteed
  • Conveniently Located 1.7 Miles from Zephyrhills Municipal Airport
  • 3.4 Miles from AdventHealth Zephyrhills | Award-Winning 149-Bed Regional Medical Center
  • High Visibility Along a Heavily Traveled Road | 23,500 VPD
  • Major Tenants In Close Proximity Include CVS, Walgreens, AutoZone, Advance Auto Parts, Pet Supplies Plus, Harbor Freight Tools, McDonald's, Dunkin', Starbucks, Checkers, and Many More
  • 61,687 People Live Within Five Miles | Population Increased 19.6% Since 2010 | Expected to Grow 5% by 2027

Investment Overview

Marcus & Millichap is pleased to exclusively present a Dollar General in the Tampa Bay MSA with a corporately guaranteed triple net lease. There are 5, 5-year options with 10% rental increases every 5 years at the options. Subject property is conveniently located 1.7 miles from Zephyrhills Municipal Airport and Industrial Park. AdventHealth Zephyrhills, an award-winning, 149-bed hospital is 3.4 miles away. AdventHealth Zephyrhills is the only hospital with a comprehensive cardiovascular program in East and Central Pasco County. This property is highly visible, with 268 feet of unobstructed frontage along Gall Boulevard with 23,500 vehicles per day. Major tenants in close proximity include CVS, Walgreens, AutoZone, Harbor Freight, McDonald's, Starbucks, and more. There has been steady population growth in the area, with a 19.6% population increase since 2010. 61,687 people live within five miles, and that number is expected to grow 5% by 2027.

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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