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PROPERTY ADDRESS
101 Lake Hatchineha Rd, Lake Hamilton, FL 33851
PROPERTY INFORMATION
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Zero Landlord Responsibilities
- 15 Year Term | Three (5 Year) Options
- One Mile Household Income $44,235
- Five Mile Population Exceeds 47,000
- New Built to Suit Construction
- 8.74% Population Growth Expected
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 9,002 SF Dollar General store located in Lake Hamilton, FL. The property is encumbered with a Fifteen (15) Year Absolute
NNN Lease, leaving zero landlord responsibilities. The lease contains Three (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 store is open with rent having commenced
on 8/1/2013.
This Dollar General is highly visible as it is strategically positioned in Lake Hamilton, FL. The five mile population from the site exceeds 47,000, while the one mile median household income exceeds $44,000 per year, making this location perfect 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 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 6.40% cap rate based on NOI of $105,447.