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Dollar General

52 Country Highway 1883, Defuniak Springs, FL 32433

Listing Price: $1,475,000

Cap Rate
5.80%
Tenant Name
Dollar General
Years Remaining On Lease
10.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$162.09
Lease Type
Absolute Net
Rent Per Square Feet
$9.42

Investment Overview

The subject property is an attractive Dollar General fronting on State Hwy 83 in Defuniak Springs, FL. Defuniak Springs, located just 30 miles north of Florida's Emerald Coast, is the county seat of Walton County, FL. Walton County is included in the Crestview-Fort Walton Beach-Destin, FL MSA. There are over 10.5-years remaining on corporate back lease with Dollar General. The lease is Absolute NNN with 10% rental increases at the beginning of each of the four, 5-year option period. Dollar General is the largest retailer in the US with almost 19,000 stores.

Investment Highlights

  • Over 10.5 Years Remaining on Absolute NNN Corporate Lease
  • Newly Constructed in 2018
  • 10% Rent Increases Every 5-year Option Period
  • Corner Location Situated on Large Parcel of Land
  • Dollar General is Publicly Traded (NYSE:DG) with Reported $6.26 Billion Net Worth
  • Investment Grade Tenant (S&P Credit Rating: BBB)
  • Florida is an Income-Tax Free State

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $1,475,000

Cap Rate
5.80%
Tenant Name
Dollar General
Years Remaining On Lease
10.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$162.09
Lease Type
Absolute Net
Rent Per Square Feet
$9.42

Investment Highlights

  • Over 10.5 Years Remaining on Absolute NNN Corporate Lease
  • Newly Constructed in 2018
  • 10% Rent Increases Every 5-year Option Period
  • Corner Location Situated on Large Parcel of Land
  • Dollar General is Publicly Traded (NYSE:DG) with Reported $6.26 Billion Net Worth
  • Investment Grade Tenant (S&P Credit Rating: BBB)
  • Florida is an Income-Tax Free State

Investment Overview

The subject property is an attractive Dollar General fronting on State Hwy 83 in Defuniak Springs, FL. Defuniak Springs, located just 30 miles north of Florida's Emerald Coast, is the county seat of Walton County, FL. Walton County is included in the Crestview-Fort Walton Beach-Destin, FL MSA. There are over 10.5-years remaining on corporate back lease with Dollar General. The lease is Absolute NNN with 10% rental increases at the beginning of each of the four, 5-year option period. Dollar General is the largest retailer in the US with almost 19,000 stores.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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