Dollar General
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
4045 Shoal Line Blvd., Hernando Beach, FL 34606
PROPERTY INFORMATION
Price:
$1,977,200
Cap Rate:
6.0%
Term Remaining:
15 Years
Status:
Closed
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Hernando Beach, FL. The property is encumbered with a Fifteen
(15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate
increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment
Grade. Currently under construction, the rent is scheduled to commence on 9/15/2016.