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Dollar General
52 Country Highway 1883, Defuniak Springs, FL 32433
Listing Price: $1,475,000
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.
Dollar General
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
Listing Price: $1,475,000
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
