Listed by Marcus & Millichap
$960,000
Dollar General | Midway, FL
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Net Rentable (SqFt) 9,100
Units 1
Cap Rate 7.75%
NOI $74,400
Tenancy Single
Brand/Tenant Dollar General
Lease Expiration 05/01/2030
Remaining Term 4
Lease Options Four, 5-Year
Broker Co-Op True
Year Built 2008
Stories 1
Acreage 1.000
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Recent Lease Extension | Top Performing Store (PlacerAI) | 20 Year Operating History
Investment highlights
Lease
- NN lease with limited Landlord responsibilities
- 4 Years Remaining on base term
- 10% Rent Increases in Options
- Four, 5-Year Options
Commitment to Location!
- Dollar General recently exercised a 5-year lease extension
- Dollar General has operated at this site since 2008, an almost 20-year operating history
Strong Performing Store – PlacerAI
- Ranks in the top 96th percentile in a 15-mile radius (2 of 25)
- Ranks in the top 86th percentile in the nation!
Low Rent Dollar General
- Rent is only $74,400
Dollar General
- Dollar General (NYSE: DG) is a publicly traded Fortune 500 retailer backed by an S&P investment-grade credit rating of BBB, providing strong creditworthiness and reliability for investors.
- The company operates over 21,000 stores nationwide and continues its growth trajectory with plans to open 750 new locations in 2025.
- Dollar General has been in business for 83 years and has a current net worth of $54.4B
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,400.00
$6,200.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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