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Dollar General

2115 US-90, DeFuniak Springs, FL 32433

Listing Price: $2,055,000

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
14.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$225.82
Lease Type
Absolute Net
Rent Per Square Feet
$11.63

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General in DeFuniak Springs, Florida. The subject property is a new construction Dollar General store with a 15-year absolute triple-net lease. The property has enhanced architecture with masonry, clapboard, and board and batten siding on two sides with a prototypicpal 9,100-square-foot fooprint. Dollar General is being offered for $2,055,000.

Investment Highlights

  • New Construction Dollar General 15-Year Absolute Triple-Net Lease in DeFuniak Springs, Florida; Florida is an Income Tax-Free State
  • Rent Commenced in September 2020 – Able to Transact Immediately; Not a Pre-Construction Sale
  • Enhanced Architecture with Masonry, Clapboard, and Board and Batten Siding on Two Sides and Prototypical 9,100-Square-Foot Footprint
  • Located in Walton County – Prominent Panhandle Vacation Destination with Miramar Beach, Sandestin, Santa Rosa Beach, Seaside, and Rosemary Beach, along with Nearby Destin, Fort Walton Beach, and Panama City Beach
  • Walton County is one of the Top 10 Fastest Growing in the Country – Massive 46 Percent Population Growth Since the 2010 Census (Four-Five Percent Annual Population Growth)
  • DeFuniak Springs is the County Seat of Walton County – Benefits from County Government Jobs/Employees and Related Business
  • Store Sells Beer and Wine and a Large Assortment of Home Goods, Nicest and Newest Dollar General in the Area Open 8 AM to 10 PM Daily
  • Dollar General is a $50 Billion Market Cap Publicly-Traded Company with Over 17,300 Stores in 46 States; Investment-Grade Tenant Carrying S&P "BBB" Credit Rating; Boasts 31 Years of Consecutive Same-Store Sales Growth

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $2,055,000

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
14.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$225.82
Lease Type
Absolute Net
Rent Per Square Feet
$11.63

Investment Highlights

  • New Construction Dollar General 15-Year Absolute Triple-Net Lease in DeFuniak Springs, Florida; Florida is an Income Tax-Free State
  • Rent Commenced in September 2020 – Able to Transact Immediately; Not a Pre-Construction Sale
  • Enhanced Architecture with Masonry, Clapboard, and Board and Batten Siding on Two Sides and Prototypical 9,100-Square-Foot Footprint
  • Located in Walton County – Prominent Panhandle Vacation Destination with Miramar Beach, Sandestin, Santa Rosa Beach, Seaside, and Rosemary Beach, along with Nearby Destin, Fort Walton Beach, and Panama City Beach
  • Walton County is one of the Top 10 Fastest Growing in the Country – Massive 46 Percent Population Growth Since the 2010 Census (Four-Five Percent Annual Population Growth)
  • DeFuniak Springs is the County Seat of Walton County – Benefits from County Government Jobs/Employees and Related Business
  • Store Sells Beer and Wine and a Large Assortment of Home Goods, Nicest and Newest Dollar General in the Area Open 8 AM to 10 PM Daily
  • Dollar General is a $50 Billion Market Cap Publicly-Traded Company with Over 17,300 Stores in 46 States; Investment-Grade Tenant Carrying S&P "BBB" Credit Rating; Boasts 31 Years of Consecutive Same-Store Sales Growth

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General in DeFuniak Springs, Florida. The subject property is a new construction Dollar General store with a 15-year absolute triple-net lease. The property has enhanced architecture with masonry, clapboard, and board and batten siding on two sides with a prototypicpal 9,100-square-foot fooprint. Dollar General is being offered for $2,055,000.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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