19998 US 441 Hwy - Convenience Store FOR SALE


McIntosh, FL 32664
$1,585,669 USD
248-419-3638
19998 US 441 Hwy, McIntosh, FL for Sale
$1,585,669 USD
Convenience Store - FOR SALE
1/5
null | 7.75% Cap Rate

19998 US 441 Hwy
McIntosh, FL 32664


HIGHLIGHTS

  • Minimal Landlord Responsibilities
  • Part of a 4 Property Portfolio Listing | All at Low Price Point
  • Contractual rent increases of 5% to 10% at each option period support future income growth.

OVERVIEW

Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant Dollar General located at 19998 N US Highway 441 in McIntosh, Florida. The property consists of a 9,400-square-foot retail building situated on approximately 1.36 acres and is secured by a 15-year NN lease that commenced in July 2015 and expires on July 31, 2030. Offered at $1,585,664, the asset generates an annual Net Operating Income of $122,889.36, representing an attractive 7.75% cap rate. The NN lease structure provides investors with stable, predictable cash flow while limiting landlord responsibilities. The lease includes three 5-year renewal options with rental increases ranging from 5% to 10% at each option period, creating meaningful long-term income growth potential. Strategically positioned along U.S. Highway 441, the property benefits from strong visibility and accessibility within the North Central Florida market. Backed by Dollar General’s proven operating model and essential retail business strategy, this investment offers a compelling combination of durable income, contractual rent escalations, and long-term tenant commitment.

FOR SALE DETAILS

PRICE

$1,585,669 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-1

APN/PARCEL ID

02692-000-00

ASK ABOUT THIS PROPERTY

Brent LuxonFortis Net LeaseMore Info
248-419-3638

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Brent LuxonFortis Net LeaseMore Info
248-419-3638

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