Dollar General
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
21440 Palm Beach Blvd., Alva, FL 33920
PROPERTY INFORMATION
Price:
$2,225,600
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
Alva, 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 1/15/2017.