2540 S Highway 71 - Retail FOR SALE


Wewahitchka, FL 32465
$1,681,000 USD
404-823-6748
2540 S Highway 71, Wewahitchka, FL for Sale
$1,681,000 USD
Retail - FOR SALE
1/3
null | 6.5% Cap Rate

2540 S Highway 71
Wewahitchka, FL 32465


HIGHLIGHTS

  • Investment Grade Corporate Guaranty (S&P: BBB/Stable)
  • Long-Term Absolute NNN Lease
  • Strategic Rural Market Location
  • Located Along State Highway
  • Essential Retailer - Recession Proof
  • Tax-Free State

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple ownership interest in the Dollar General property located at 2540 Highway 71 S in Wewahitchka, Florida (“Property”). The Property comprises a 10,640-square-foot building on a large 2.28-acre parcel of land. Dollar General is subject to a long-term absolute NNN lease, which is corporately guaranteed and has over 10 years remaining on the initial term. This offering is a rare opportunity to invest in a highly passive asset backed by a top-rated national tenant. The Property is strategically located in Wewahitchka, Florida, where Dollar General serves as a primary source of daily needs retail for the surrounding rural trade area. With limited nearby national retail competition, the store benefits from its role as an essential service provider to a dispersed customer base that prioritizes convenience and proximity. The property is positioned along a regional connector route providing access to surrounding communities and reinforcing consistent traffic patterns. Dollar General’s proven rural-focused store model is well-suited for markets like Wewahitchka, where smaller-format discount retail outperforms larger big-box alternatives. The asset also benefits from being in one of the select few states that does not have a state income tax.

FOR SALE DETAILS

PRICE

$1,681,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

R1

APN/PARCEL ID

02633-001R

ASK ABOUT THIS PROPERTY

Jason LongNorthmarqMore Info
404-823-6748

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Jason LongNorthmarqMore Info
404-823-6748

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