Discount
Dollar General Market
3494 Washington St, Chipley, FL 32428
Listing Price: $2,442,646
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
$14.92
Investment Overview
We're pleased to present the offering for Dollar General in Chipley, 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 ±1.49-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 5,890+ vehicles per day (VPD), ensuring excellent visibility and accessibility.
- Strong Demographics: Ideal trade area for Dollar General with 16,500+ residents within a 10-mile radius and an average household income exceeding $72,000.
- Growing Regional Market: Located in Chipley, FL, the county seat of Washington County, and part of the Panama City metropolitan area with 180,000+ residents. | Florida's no state income tax environment enhances investor returns.
Exclusively Listed By
Listing Price: $2,442,646
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
$14.92
Investment Highlights
- Brand New 2024 Construction: Build-to-suit Dollar General Market featuring a 10,640 SF building situated on a ±1.49-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 5,890+ vehicles per day (VPD), ensuring excellent visibility and accessibility.
- Strong Demographics: Ideal trade area for Dollar General with 16,500+ residents within a 10-mile radius and an average household income exceeding $72,000.
- Growing Regional Market: Located in Chipley, FL, the county seat of Washington County, and part of the Panama City metropolitan area with 180,000+ residents. | Florida's no state income tax environment enhances investor returns.
Investment Overview
We're pleased to present the offering for Dollar General in Chipley, FL.
Exclusively Listed By
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