Listed by CBRE - Saddle Brook
$1,354,790
Dollar General - Tallahassee, FL
Details
APN 2334250000010
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Units 1
Cap Rate 7.45%
NOI $100,932
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options Three 5-Year
Price per SqFt $150
Year Built 2011
Stories 1
Acreage 2.100
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/28/2011
Ground Lease No
Ownership Fee Simple
Absolute Net | Corporate | Recent Lease Extension
Investment highlights
- Absolute Net Lease with No Landlord Responsibilities
- Corporate Lease with Investment Grade Credit Tenant
- Tenant Recently Exercised a 5-Year Option Showing Long-Term Commitment to the Site
- Upgraded Brick Construction
- Adjacent to Fort Braden Elementary School | 700 Students
- Limited Competition | Nearest Dollar General is over 7 Miles Away
- Nearby Access to Major Employment Anchors Including Florida State University, Florida A&M University and Tallahassee Memorial Healthcare
Listing Contacts
Listed by CBRE - Saddle Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,932.00
$8,411.00/mo
Valuation Metrics
0
DSCR
7.45%
Cap Rate
7.45%
ROI
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