Florida Dollar General Market in Explosive Growth Area

Fortis Net Lease is pleased to present this brand new 10,640 SF Dollar General Market store located in DeFuniak Springs, Florida.​ Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve.​ The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities.​ The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew.​ The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade.​ The store is currently under construction with store opening & rent on track to start in early August 2025.​

This Dollar General Market is highly visible as it is strategically positioned on the hard corner of County Hwy 181 E & FL-83 seeing 3,300 cars per day.​ It sits in a limited competition area with the next dollar store over 12 miles away.​ The 10 mile population from the site is 4,944 while the 3 mile average household income is $43,729 per year, making this location ideal for a Dollar General.​ This area is experiencing explosive growth with the 3 mile population growth rate at 15.81%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General.​ This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top small box discount retailer.​ List price reflects a 6.30% cap rate based on NOI of $151,344.​

• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Dollar General Market | Produce and Fresh Meats
• 5% RENT INCREASES EVERY 5 YEARS!!
• Corner Location Seeing 3,300 Cars Per Day
• 2025 BTS Construction | Upgraded Market Design
• 5 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $43,729
• Ten Mile Population 4,944 | Expected 8.86% Growth
• Three Mile Population Growth Rate 15.81%
• Investment Grade Dollar Store With "BBB" Credit Rating
• Corporate Guaranty