Listed by CBRE - Saddle Brook
$1,501,570
Dollar General - Pensacola, FL
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 7.25%
NOI $108,864
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 Four 5-Year
Price per SqFt $166
Year Built 2011
Acreage 1.410
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/28/2011
Ground Lease No
Ownership Fee Simple
Absolute Net | Recent Lease Extension | High Traffic
Investment highlights
- Absolute Net Lease with No Landlord Responsibilities
- Corporate Guarantee with Investment Grade Credit Tenant
- Scheduled Rent Increases in each Option
- Recent Lease Extension Showing Tenant’s Commitment to the Site
- Excellent Access and Visibility with 27,500 Vehicles Per Day
- Strong Retail Corridor with Proximity to Publix, Wawa, Circle K, Jersey Mike’s, McDonald’s and More
- Florida is an Income Tax Free State
Listing Contacts
Listed by CBRE - Saddle Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,864.00
$9,072.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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