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Key Details
Sold Price $2,890,521
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $317
MLS Listing ID GC440371
Sold Date 04/08/21
HOA Y/N No
Year Built 2020
Annual Tax Amount $789
Lot Size 2.280 Acres
Acres 2.28
Property Description
This Dollar General is a New 9,100 sf with a corner entry. The building features pre-finished metal panels and 8" brick wainscotting. The roof is metal and HVAC units are on the roof. This is a newly constructed store with a 15-year NNN lease with four (4) 5-year renewal options. Tenant is responsible for all expenses and maintenance at the property, including taxes and insurance. Dollar General corporately guarantees the lease and is an investment grade tenant with an S&P rating of BBB. This offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor. This passive investment offers buyers a secure investment with no landloard responsibilities and rent guaranteed by a stable, recession, e-commerce, and pandemic resistant tenant. Dollar General has thrived in 2020 becoming an essential business that sells essential goods in a time of need and that has grown in sales volume, profits, expanded its locations, hired more employees in mass numbers, and continued to service it''s growing customer base.
Location
State FL
County Lake
Building
Lot Size Range 2 to less than 5
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Out Of Area Firm (See Remarks)