Dollar General

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

Ben Schultz

Senior Director

PROPERTY ADDRESS

12886 Hwy 87, Jay, FL 32565

PROPERTY INFORMATION

Price:
$1,521,322
Cap Rate:
6.35%
Term Remaining:
15 years Years
Year Built:
2018

INVESTMENT HIGHLIGHTS

  • Absolute NNN Dollar General (Zero Responsibilities)
  • 15 Year Term | Four (5 Yr.) Options | 10% Bumps at Each
  • Population Within Ten Miles Exceeds 7,000
  • Median Household Income Within Three Miles of $55,000
  • UPGRADED ARCHITECTURE | Two Sides Brick
  • Corporate Guarantee by DG which cares “BBB” Rating

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 7,500 SF Dollar General store, located in Jay, FL. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5Yr.) options, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General which holds an investment grade credit rating of “BBB”. The store is under construction, with a scheduled rent commencement date of 5/21/2018.

This Dollar General is strategically located in Jay, on Florida’s northwest boarder. The population within a ten mile radius is greater than 7,000, with the median household
income within a one mile radius exceeding $55,000. 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 6.35% cap rate based on NOI of $96,603.96.