This Retail Property is Off-Market. It is an example of Net Lease Properties which could be available.
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Brand New Upgraded Dollar General | Absolute NNN Lease
| Price | From $1,200,000 | Construction Status | Under Construction – Proposed |
| Building Size | 9,100 SF | Occupancy | 100% |
| Price per SF | Varies | No. Stories | 1 |
| Property Type | Retail | Tenancy | Single |
| Property Sub-type | Free Standing Building | Year Built | 2016 |
| Property Use Type | Net Lease Investment with 10+ years left on lease | Lot Size | 1.55 SF |
Florida Commercial Property Description
This was brand new UPGRADED 9,100 SF Dollar General store, located in Bartow, FL. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains five (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 , and is classified Investment Grade. The store is scheduled to open and rent commencing in April 2016.
This Dollar General is strategically positioned on US Highway 17. Located near the source of the Peace River, Bartow is approximately 39 miles east of the Tampa Bay Area and 50 miles southwest of the Greater Orlando area. The population within a five mile radius from the Dollar General location is greater than 22,500, with the average household income within a one mile radius being $47,610. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a new Dollar General. This investment will offer the new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’ s top dollar store.
Highlights of Commercial Investment Property
- Brand New Absolute NNN Dollar General (Zero Responsibilities)
- 15 Year Term | Five (5 Yr.) Options, 10% Bumps at Each
- Upgraded Architecture and Construction
- Household Income Within a One Mile Radius Exceeds $47,500
- Five Mile Population Exceeds 22,500
- Only Investment Grade Dollar Store
Major Tenant Information
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Dollar General | 2,031 | 4/1/2031 |
US Hwy 17 & E Conant St, Bartow, FL 33830 (Polk County) Commercial Property Listing For Sale
This information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. The Property information is provided for consumer personal, solely to identify potential properties for potential purchase.
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