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29324563
29324562

9889 US-441, Okeechobee, FL 34972

BC
FL FL SL3267919
FL Retail Advisors
Listed by FL Retail Advisors
$3,372,218
134 days on market
Updated 24 days ago
Opportunity zone

Dollar General Market

Details
Property Type Retail
Sub Type Storefront
Square Footage 10,640
Cap Rate 5.5%
NOI $185,472
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15.1
Lease Expiration 11/30/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options Three 5-Year Options
Price per SqFt $317
Year Built 2025
Acreage 1.814
Zoning Neighborhood Commercial
Parking Spaces 43 spaces
Parking Per SqFt 4.04
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/15/2025
Occupancy Date 12/01/2025
Ground Lease No
Ownership Fee Simple

DG Market Store Format | 5.50% CAP | BTS Construction | New 15-Year Lease

Marketing description

Newly constructed DG Market by Dollar General store located in Okeechobee, FL. The store's grand opening took place on December 13, 2025. Dollar General's 'DG Market' store format offers the savings and convenience of a Dollar General, plus the fresh meat, produce and dairy of a neighborhood grocer. The triple-net lease provides for minimal landlord responsibilities and features a 15-year primary base term with three (3) 5-year options to extend.

Dollar General Corporation (NYSE: DG) Q3 Fiscal 2025 reported Net sales increased 4.6% to $10.6 billion in the third quarter of 2025 compared to $10.2 billion in the third quarter of 2024. The net sales increase was driven by positive sales contributions from new stores and growth in same-store sales, partially offset by the impact of store closures. Same-store sales increased 2.5% compared to the third quarter of 2024, reflecting a 2.5% increase in customer traffic and a flat average transaction amount. Same-store sales in the third quarter of 2025 included growth in each of the consumables, seasonal, home products, and apparel categories.

Investment highlights

• Brand New 15 Year Triple-Net NNN Lease | Minimal Landlord Responsibilities

• DG Market | Offering Savings & Convenience of Dollar General plus Produce and Fresh Meats

• 5% Rent Increases Every 5 Years & in Option Periods

• Direct Frontage to HWY 441 with Exposure to 10,400±AADT (2024)

• 2025 BTS Construction | Upgraded Market Design

• Three (5-Year) Options | 5% Increases At Each Option

• Three Mile Household Income $115K Three Mile Population Growth Rate 5.5%

• Investment Grade Tenant With "BBB" Credit Rating | Dollar General Corporation (NYSE: DG) Q3 Fiscal 2025 reported Net Sales increased 4.6% to $10.6 billion in Q3 of 2025

Listing Contacts

BC
FL FL SL3267919
FL Retail Advisors
Listed by FL Retail Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$185,472.00
$15,456.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Brian Capo
License
FL SL3267919
Brokerage Phone
4074041846
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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