Discount
Dollar General Market
39 NE 512th Ave, Old Town, FL 32680
Listing Price: $2,372,677
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.49
Investment Overview
We're pleased to present the offering for Dollar General in Old Town, FL
Dollar General Market
Investment Highlights
- Brand New 2024 Construction: Build-to-suit Dollar General Market featuring a 10,640 SF building situated on a ±1.87-acre lot.
- Absolute Triple Net Lease: Zero landlord responsibilities with an absolute NNN lease structure, fully passive investment.
- Investment-Grade Credit: Lease guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with an S&P rating of BBB.
- Long-Term Security: Over 14 years of initial lease term remaining with five (5), five year renewal options providing long-term income stability
- Built-In Rental Increases: Scheduled 5% rent increases every five (5) years, including during option periods.
- Prime Corner Location: Positioned at the signalized intersection of Washington Street & Panama Avenue with 3,450+ vehicles per day (VPD), ensuring excellent visibility and accessibility.
- Proximity to Major Metros: Located in Dixie County along Florida's Nature Coast within 40 miles to Gainesville, home to the University of Florida and a regional healthcare hub. Jacksonville, Tampa, and Orlando are all within a two-hour drive.
- Tax Advantage Location: Florida's no state income tax environment enhances investor returns. | Strong Demographics: Ideal trade area for Dollar General with 19,400+ residents within a 10-mile radius and an average household income exceeding $68,000.
Exclusively Listed By
Financing By
Listing Price: $2,372,677
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.49
Investment Highlights
- Brand New 2024 Construction: Build-to-suit Dollar General Market featuring a 10,640 SF building situated on a ±1.87-acre lot.
- Absolute Triple Net Lease: Zero landlord responsibilities with an absolute NNN lease structure, fully passive investment.
- Investment-Grade Credit: Lease guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with an S&P rating of BBB.
- Long-Term Security: Over 14 years of initial lease term remaining with five (5), five year renewal options providing long-term income stability
- Built-In Rental Increases: Scheduled 5% rent increases every five (5) years, including during option periods.
- Prime Corner Location: Positioned at the signalized intersection of Washington Street & Panama Avenue with 3,450+ vehicles per day (VPD), ensuring excellent visibility and accessibility.
- Proximity to Major Metros: Located in Dixie County along Florida's Nature Coast within 40 miles to Gainesville, home to the University of Florida and a regional healthcare hub. Jacksonville, Tampa, and Orlando are all within a two-hour drive.
- Tax Advantage Location: Florida's no state income tax environment enhances investor returns. | Strong Demographics: Ideal trade area for Dollar General with 19,400+ residents within a 10-mile radius and an average household income exceeding $68,000.
Investment Overview
We're pleased to present the offering for Dollar General in Old Town, FL
Exclusively Listed By
Financing By
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