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32475760
32475761

2540 Florida 71, Wewahitchka, FL 32465 For Sale

JL
GA 326804
Northmarq - Nashville
Listed by Northmarq - Nashville
$1,681,000
67 days on market
Updated 67 days ago

Dollar General

Details
Property Type Retail
Sub Type Storefront
Square Footage 10,640
Cap Rate 6.5%
NOI $109,296
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 07/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options Five (5), Five (5) Year Options
Year Built 2021
Acreage 2.280
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/05/2021
Ground Lease No

Corporate Absolute NNN Lease | Investment Grade Tenant | Tax-Free State

Marketing description

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 2540 Highway 71 S in Wewahitchka, Florida (“Property”). The Property comprises a 10,640-square-foot building on a large 2.28-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 Property is strategically located in Wewahitchka, 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 Wewahitchka, 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.

Investment highlights

  • Investment Grade Corporate Guaranty (S&P: BBB/Stable)
  • Long-Term Absolute NNN Lease
  • Clear Visibility & Access
  • Strategic Rural Market Location
  • Located Along State Highway
  • Essential Retailer - Recession Proof
  • Tax-Free State

Listing Contacts

JL
GA 326804
Northmarq - Nashville
Listed by Northmarq - Nashville

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$109,296.00
$9,108.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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