4154 U.S. 19, Perry, FL 32348 For Sale

The Property

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple ownership interest in the Dollar General property located at 4154 US Hwy 19 in Perry, Florida (“Property”). The Property comprises a 9,100-square-foot building on a large 2.57-acre parcel of land. Dollar General is subject to a long-term absolute NNN lease, which is corporately guaranteed and has over 10 years remaining on the initial term. This offering is a rare opportunity to invest in a highly passive asset backed by a top-rated national tenant.

The Location

The Property is strategically located in Perry, Florida, where Dollar General serves as a primary source of daily needs retail for the surrounding rural trade area. With limited nearby national retail competition, the store benefits from its role as an essential service provider to a dispersed customer base that prioritizes convenience and proximity. The property is positioned along a regional connector route providing access to surrounding communities and reinforcing consistent traffic patterns. Dollar General’s proven rural-focused store model is well-suited for markets like Perry, where smaller-format discount retail outperforms larger big-box alternatives. The asset also benefits from being in one of the select few states that does not have a state income tax.

The Tenant

Dollar General is the largest dollar store chain in the United States, operating 20,000+ stores across 48 states and Mexico as of 2025. Dollar General is a Fortune 500 company (Ranked #112 in 2025) with an investment‑grade BBB/Stable credit rating from S&P, and has delivered over 33 consecutive years of same‑store sales growth. In 2025, the company opened approximately 575 new stores and relocated 85 stores, underscoring its continued commitment to disciplined expansion and long‑term operational strength. For FY2025, Dollar General reported total sales of $40.6 billion and net income of $1.1 billion.