Listed by Colliers - Los Angeles - Orange County, California, Colliers - Tampa, Florida, Charter Realty
$2,223,550
Dollar General
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,026
Cap Rate 6.5%
NOI $144,531
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/28/2028
Remaining Term 1.8
Lease Options 4 - 5 Year Options
Price per SqFt $246
Broker Co-Op Yes
Acreage 1.430
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/29/2013
Ownership Fee Simple
Retail | 6.50% CAP | 9,026 SF
Marketing description
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant Absolute NNN investment fully leased to Dollar General on a corporate guaranteed lease. With approximately 5 years remaining and 4 – 5 year option periods, the subject property provides stable cash flow with zero landlord responsibilities and 10% rental increases every option period. This is a rare opportunity to purchase an investment grade credit tenant in a tax free state, with zero landlord responsibilities.
Investment highlights
- Dollar General Corp. (NYSE: DG) - Rated “BBB” by Standard & Poor’s - Investment Grade
- Over 12,500 Stores - Operational For Over 150 Years
- Net Income of Approximately $1.25 Billion - Over $11.6 Billion in Total Assets
- Ideal 1031 Exchange Asset – Ease of Management
- Corporate Guaranty – Long Term Absolute NNN Lease – Zero Landlord Responsibilities
- Approximately 8 Years Remaining - Long-Term Secure Cash Flow
- 4 - 5 Yr Option Periods – 10% Increases Each Option
- Located on a 1.35 Acre Lot
- Tax Free State - Florida - High Growth & Demand
- Diversified Economic Base - Tourism, Finance, Retail, Services and Healthcare
Listing Contacts
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Tampa, Florida, Charter Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,531.00
$12,044.25/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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