2115 US Highway 90 - Freestanding FOR SALE


Defuniak Springs, FL 32433
$1,750,000 USD
760-448-2449
2115 US Highway 90, Defuniak Springs, FL for Sale
$1,750,000 USD
Freestanding - FOR SALE
1/9
null | 6.05% Cap Rate

2115 US Highway 90
Defuniak Springs, FL 32433


HIGHLIGHTS

  • Corporate Lease Guaranty from Dollar General Corp (NYSE: DG) – S&P: BBB Credit Rating – Investment Grade Credit
  • Absolute-NNN Lease – 2020 Built-to-Suit Construction – Large Parcel – 10% Rent Increases in the Option Periods
  • Ranked #2 Location in Trade Area by Number of Visitors (Placer.ai) – This Location is the #2 Store Out of 8 Locations in a 15-Mile Radius (Placer.ai)
  • Located Along Hwy 90 – Proximity to I-10 – National Retailers in Marketplace Include Walmart, Lowe’s, Tractor Supply, Aldi, Chick-fil-A, and More
  • Strong Population Growth – Commercial and Residential Development Pipeline – Income Tax-Free State

OVERVIEW

Lee & Associates, in association with Bang Realty, is pleased to present the opportunity to acquire a fee simple interest in a single-tenant Dollar General property located at 2115 US Highway 90 E in DeFuniak Springs, Florida. The asset consists of a 9,100 square foot retail building situated on approximately 3.83 acres and was constructed in 2020 as a build-to-suit for the tenant. The property is secured by an absolute NNN lease with Dolgencorp, LLC, guaranteed by Dollar General Corporation (NYSE: DG), an investment grade tenant rated BBB by S&P. The lease features a 15-year primary term with approximately 9 years remaining and provides zero landlord responsibilities, making it an ideal passive investment. The lease includes five 5-year renewal options with 10% rental increases in each option period, offering attractive long-term income growth. Dollar General operates more than 20,000 locations nationwide and generates over $40 billion in annual revenue, reinforcing the strength and stability of the tenant. This location ranks among the top-performing stores in the region by visitor traffic and benefits from consistent consumer demand.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.83 AC

LAND SF

166,835 SF

ZONING

C

APN/PARCEL ID

30-3N-18-10000-017-0010

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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