1310 N Highway 29 - Freestanding FOR SALE


Cantonment, FL 32533- Gonzalez-North NW Pensacola
$1,426,657 USD
917-232-7868
1310 N Highway 29, Cantonment, FL for Sale
$1,426,657 USD
Freestanding - FOR SALE
1/5
null | 7% Cap Rate

1310 N Highway 29
Cantonment, FL 32533
Gonzalez-North NW Pensacola


HIGHLIGHTS

  • INVESTMENT-GRADE TENANT COMMITMENT
  • ABSOLUTE NNN LEASE STRUCTURE
  • ESSENTIAL RETAILER WITH NATIONWIDE PRESENCE

OVERVIEW

Vero Capital Group is pleased to exclusively offer for sale a Dollar General in Cantonment, Florida. Dollar General is one of the nation’s largest and most successful discount retailers, operating over 20,000 stores across 48 states. The lease is backed by a corporate guarantee from Dollar General Corporation (NYSE: DG, S&P: BBB), providing investors with the security of a Fortune 500, investment-grade credit tenant. The property is leased on an absolute NNN basis, requiring the tenant to pay all real estate taxes, insurance, maintenance, and repairs. This true “hands-off” structure ensures investors have no landlord responsibilities. The lease includes a 15-year primary term with five five-year renewal options, offering long-term stability and predictable income. This offering presents an opportunity to acquire a mission-critical retail asset leased to an essential retailer with a proven track record of resilience across economic cycles. The combination of corporate-backed credit, an absolute NNN lease, and reliable rent growth makes this property a highly attractive, truly passive investment opportunity.

FOR SALE DETAILS

PRICE

$1,426,657 USD

PRICE/SF

$157 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

GBD

APN/PARCEL ID

03-1N-31-1102-000-002

ASK ABOUT THIS PROPERTY

Jarett ZackmanVero Capital GroupMore Info
917-232-7868

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Jarett ZackmanVero Capital GroupMore Info
917-232-7868

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.