Dollar General

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

PROPERTY ADDRESS

1108 Florida-Georgia Highway, Havana, FL 32333

PROPERTY INFORMATION

Price:
$1,364,895
Cap Rate:
6.25%
Term Remaining:
15 years Years
Year Built:
2018

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.