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31557910
31557911

702 N. Main Street, Trenton, FL 32693

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$1,405,000
66 days on market
Updated 10 days ago

Dollar General | 6.75% Cap | Relocation Store | NNN Lease

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,002
Net Rentable (SqFt) 9,002
Cap Rate 6.75%
NOI $94,824
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Starbucks (+2)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/30/2030
Remaining Term 3.6
Rent Bumps Yes
Lease Options 4, 5 Year Options
Price per SqFt $156
Broker Co-Op Yes
Year Built 2015
Acreage 1.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/23/2015
Occupancy Date 01/22/2015
Ground Lease No
Ownership Fee Simple

NNN Lease | 6.75% Cap | Relocation Store

Marketing description

Dollar General Corporation (NYSE: DG) is proud to serve as America's neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. As of November 1, 2024, the Company's 20,523 Dollar General, DG Market, DGX and pOpshelf stores across the United States and Mi Super Dollar General stores in Mexico provide everyday essentials including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal decor from our high-quality private brands alongside many of the world's most trusted brands such as Coca Cola, PepsiCo/Frito-Lay, General Mills, Hershey, J.M. Smucker, Kraft, Mars, Nestle, Procter & Gamble and Unilever.

Investment highlights

  • NNN Lease | No Landlord Expenses
  • Low Base Rent of Just $10.50 per SF
  • Rare Relocation Store | Proof of Success in Local Market
  • Directly Across from Trenton High School
  • Just 30+/- Miles to Gainesville, FL
  • Publicly Traded Company on NYSE
  • Investment Grade Credit | BBB/stable on Standard & Poors
  • 20,000+ Locations in 48 States
  • $42.7 Billion Net Sales Fiscal Year 2025

Listing Contacts

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,824.00
$7,902.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Ryan Nee
License
FL 3154667
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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