2115 U.S. 90, Defuniak Springs, FL 32433 For Sale

Lee & Associates, in association with Bang Realty, is pleased to present the opportunity to acquire a fee simple interest in a single-tenant Dollar General property located at 2115 US Highway 90 E in DeFuniak Springs, Florida. The asset consists of a 9,100 square foot retail building situated on approximately 3.83 acres and was constructed in 2020 as a build-to-suit for the tenant. The property is secured by an absolute NNN lease with Dolgencorp, LLC, guaranteed by Dollar General Corporation (NYSE: DG), an investment grade tenant rated BBB by S&P.

The lease features a 15-year primary term with approximately 9 years remaining and provides zero landlord responsibilities, making it an ideal passive investment. The lease includes five 5-year renewal options with 10% rental increases in each option period, offering attractive long-term income growth. Dollar General operates more than 20,000 locations nationwide and generates over $40 billion in annual revenue, reinforcing the strength and stability of the tenant. This location ranks among the top-performing stores in the region by visitor traffic and benefits from consistent consumer demand.

Strategically positioned along US Highway 90 with approximately 13,000 vehicles per day and near Interstate 10, the property benefits from strong regional connectivity and visibility. The surrounding trade area includes a mix of national retailers such as Walmart, Lowe’s, and AutoZone, supporting a stable retail corridor. DeFuniak Springs, the county seat of Walton County, has experienced significant population growth and ongoing development, including new residential communities and healthcare investments. Combined with Florida’s income tax-free status and favorable cost of living, the location offers compelling fundamentals for long-term retail investment.