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Key Details
Sold Price $2,313,730
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $254
MLS Listing ID GC438464
Sold Date 03/25/21
HOA Y/N No
Year Built 2020
Annual Tax Amount $1,100
Lot Size 2.070 Acres
Acres 2.07
Property Description
This Dollar General location features a 9,100 sf front entry store w/upgraded construction which includes wood framing, shutters, front awning, pre-painted fiber cement siding w/brick veneer wainscotton on front and an asphale shingle roof. HVAC units are mounted on the roof. The site is 2.07 acres which fronts CR 448 w/a daily trafiic count of 9,000. Newly Constructed Dollar General store with a new 15-year NNN lease with four (4) 5-year lease 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 landlord responsibilities and rent guaranteed by a stable, recession and e-commerce 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 its growing customer base during uncertain times.
Location
State FL
County Lake
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Roof Type Metal
Building
Lot Size Range 2 to less than 5
Structure Type Metal Frame,Metal Siding
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Out Of Area Firm (See Remarks)