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PROPERTY ADDRESS
1108 Florida-Georgia Highway, Havana, FL 32333
PROPERTY INFORMATION
INVESTMENT HIGHLIGHTS
- Brand New Absolute NNN Lease
- Zero Landlord Responsibilities
- 15 Year Term | Four (5 Year) Options
- Corner Location with Two Egress
- Three Mile Household Income $41,250
- Ten Mile Population Exceeds 21,000
- 15 Miles From Tallahassee
- Only Investment Grade Dollar Store
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Havana, 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. The rent is anticipated to commence on 2/27/2018.
This Dollar General will be highly visible as it is strategically positioned on the Florida-Georgia Hwy, in Havana, FL. The ten mile population from the site exceeds
21,000, while the three mile median household income exceeds $41,000 per year, making this location ideal for a Dollar General. The Subject offering represents an
ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a brand new Dollar General. This investment will offer a
new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.25% cap rate
based on NOI of $85,305.96.