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Discount

Dollar General I Signalized Intersection I High Activity

510 US-90, Holt, FL 32564

Listing Price: $1,859,300

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
9,266
Lease Type
Absolute Net
Rent Per Square Feet
$10.53

Investment Overview

Absolute NNN Dollar General Located at a Highly Visible Signalized Intersection with a Strong Traffic Count Exceeding 10,000 Vehicles Daily. Asset Constructed in 2017 with Over 10 Years of Base Lease Term Remaining and 10% Rent Increases in Each of the Lease’s 4, 5-Year Options to Hedge Against Inflation. Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB. Located Just 35 Minutes from Downtown Pensacola, the Principal City of the Pensacola Metropolitan Area Which Collectively Consists of Over 502,000 Residents. Area Projected to Experience Steady Population Growth Expected at Nearly 4 Percent Within a 5-Mile Radius Between 2021 and 2026 Creating an Optimistic Forecast for Additional Demand at the Site.

Investment Highlights

  • Dollar General at Signalized Intersection w/Strong Traffic: Absolute NNN Dollar General Located at a Highly Visible Signalized Intersection with a Strong Traffic Count Exceeding 10,000 Vehicles Daily
  • Asset Constructed in 2017 with Over 10 Years of Base Lease Term Remaining and 10% Rent Increases in Each of the Lease's 4, 5-Year Options to Hedge Against Inflation
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB
  • Located Just 35 Minutes from Downtown Pensacola, the Principal City of the Pensacola Metropolitan Area Which Collectively Consists of Over 502,000 Residents
  • Area Projected to Experience Steady Population Growth Expected at Nearly 4 Percent Within a 5-Mile Radius Between 2021 and 2026 Creating an Optimistic Forecast for Additional Demand at the Site

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Discount

Dollar General I Signalized Intersection I High Activity

Listing Price: $1,859,300

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
9,266
Lease Type
Absolute Net
Rent Per Square Feet
$10.53

Investment Highlights

  • Dollar General at Signalized Intersection w/Strong Traffic: Absolute NNN Dollar General Located at a Highly Visible Signalized Intersection with a Strong Traffic Count Exceeding 10,000 Vehicles Daily
  • Asset Constructed in 2017 with Over 10 Years of Base Lease Term Remaining and 10% Rent Increases in Each of the Lease's 4, 5-Year Options to Hedge Against Inflation
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB
  • Located Just 35 Minutes from Downtown Pensacola, the Principal City of the Pensacola Metropolitan Area Which Collectively Consists of Over 502,000 Residents
  • Area Projected to Experience Steady Population Growth Expected at Nearly 4 Percent Within a 5-Mile Radius Between 2021 and 2026 Creating an Optimistic Forecast for Additional Demand at the Site

Investment Overview

Absolute NNN Dollar General Located at a Highly Visible Signalized Intersection with a Strong Traffic Count Exceeding 10,000 Vehicles Daily. Asset Constructed in 2017 with Over 10 Years of Base Lease Term Remaining and 10% Rent Increases in Each of the Lease’s 4, 5-Year Options to Hedge Against Inflation. Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB. Located Just 35 Minutes from Downtown Pensacola, the Principal City of the Pensacola Metropolitan Area Which Collectively Consists of Over 502,000 Residents. Area Projected to Experience Steady Population Growth Expected at Nearly 4 Percent Within a 5-Mile Radius Between 2021 and 2026 Creating an Optimistic Forecast for Additional Demand at the Site.

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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