39 NE 512th Ave - Convenience Store FOR SALE
Old Town, FL 32680 |
$2,372,677 USD
39 NE 512th Ave
Old Town, FL 32680
HIGHLIGHTS
- Brand New 2024 Construction: Build-to-suit Dollar General Market featuring a 10,640 SF building situated on a ±1.87-acre lot
- Absolute Triple Net Lease: Zero landlord responsibilities with an absolute NNN lease structure, fully passive investment
- Investment-Grade Credit: Lease guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with an S&P rating of BBB.
- Long-Term Security: Over 14 years of initial lease term remaining with five (5), fiveyear renewal options providing long-term income stability.
- Built-In Rental Increases: Scheduled 5% rent increases every five (5) years, including during option periods | Prime Corner Location
- Ideal trade area for Dollar General with 19,400+ residents within a 10-mile radius and an average household income exceeding $68,000.
FOR SALE DETAILS
PRICE
$2,372,677 USD
PRICE/SF
$223 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General Market
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
43
LAND DETAILS
LAND ACRES
1.87 AC
LAND SF
81,457 SF
ZONING
C-1
APN/PARCEL ID
09-09-13-0000-397-70000,10-09-13-0000-399-80000
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