Listed by Summit Real Estate
$2,140,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,301
Cap Rate 6.24%
NOI $133,457
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/31/2031
Rent Bumps Yes
Lease Options 4 x 5 Years
Price per SqFt $230
Year Built 2011
Acreage 1.340
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/23/2011
Ground Lease No
Retail | 6.25% CAP | 9,301 SqFt
Marketing description
Dollar General Corporation is a leading American discount retailer headquartered in Goodlettsville, Tennessee, operating more than 19,000 stores across 47 states. Founded in 1939, the company focuses on providing affordable everyday essentials, including household goods, groceries, apparel, and seasonal items, primarily in rural and underserved communities. Known for its low-price strategy and small-format stores, Dollar General emphasizes convenience and cost-efficiency, catering to value-conscious consumers. The company has experienced steady growth and is recognized as one of the largest and fastest-growing retailers in the U.S.
Investment highlights
- Absolute NNN Lease - Zero Landlord Responsibilities: Tenant handles all expenses including taxes, insurance, and maintenance, offering truly passive income with minimal management required.
- Corporate guarantee from Dollar General (NYSE: DG): backed by Dollar General Corporation, one of the nation's largest and most recognized retailers with over 19,000 locations across 47 states
- Tenant Just Exercised their Option with No Reduction in Rent showing their Commitment to the Site
- The store is situated on US Highway 301 in Dade City, (With a VPD of 20,000) a market benefiting from population growth and inbound migration in the broader Tampa Bay region
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,457.00
$11,121.42/mo
Valuation Metrics
0
DSCR
6.24%
Cap Rate
6.24%
ROI
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