Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
$877,760
Dollar General | STORE REMODEL 2026
Details
APN 0207M5A18A8H2LNQSGQKPM
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,020
Cap Rate 7.5%
NOI $65,832
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 16
Lease Expiration 04/30/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options 2 (5-year)
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 1.530
Zoning Commercial
Parking Spaces 31 spaces
Parking per 1,000 SqFt 3.44
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2015
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
7.50% Cap Rate | 20 Year Operating History | Below Market Rents
Marketing description
• Dollar General has 6+ years remaining on their current lease with 2 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option
• The market rent in the area is $20 Sq/ft vs the property rent $7.30 Sq/ft
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 location as of August 2024
Investment highlights
- 6+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Dollar General Corporation Reports Q2 2024 Results
- Near Signalized, Hard Corner Intersection | Interstate 69 | Surrounding Retailers | New Caney Elementary School
- Local Demographics in 5-mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,832.00
$5,486.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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