Dollar General – DeFuniak Springs, FL
DeFuniak Springs, FL 32433
Parking Lot – Capital Repairs, Reseal & Restripe in June 2014
LEASE – RENEWED EARLY thru June 30, 2023
*Please Request Lease Agreements for further clarifications.
INVESTMENT & LOCATION OVERVIEW
- Strong Sales – no Percentage (%) Rent – over $1.75 million in sales in 2014
- Proven Location – Renewed Lease Early
- 2.78% Rental Increase in 4.5 Years
- FLORIDA – TAX FREE STATE
- Corporate Guaranteed ($16.01 Billion Revenue / $3.3 Billion Net Worth approximately)
- Dollar General: #195 in Fortune 500 – S&P BBB- Rating – Investment Grade
- 9,100 SF – Larger Store Format
- All HVAC Units are tenant responsible for repair & replacement
- Three, Five-Year Option Remaining
- DeFuniak Springs is suburb off U.S. Hwy 10 between Pensacola & Tallahassee FL
- Low Price per Square Foot for Florida
- DeFuniak Springs local retail includes Wal-Mart Supercenter, Lowe’s, McDonalds, Walgreens, Sun
Trust Bank, and AutoZone
- Dollar General has enrolled this store in its national insurance program
The Dollar General # 11,388 – is a proven location. The property is located at 10700 U.S. Highway 10 DeFuniak Springs, FL located just off U.S. Hwy 10 between Pensacola & Tallahassee. The Dollar General property is a 9,100 Square Foot property built in 2009. The rent is a double & one half net (NN1/2) lease with landlord responsible for Roof Structure – no HVAC responsibility. The property is offered at an 7.15% Cap Rate. Minimal maintenance is required with 2.78 increase in 4.5 years and 10% increases during the three, five-year options.
DeFuniak Springs, FL – DeFuniak Springs is a suburb off U.S. Highway approximately 80 miles east of Pensacola & 121 miles west of Tallahassee, FL.
Dollar General Corporation is the nation’s largest small-box discount retailer. We make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg’s, General Mills and Nabisco.
11,000+ stores in 40states
About 12,000 core products from America’s most-trusted manufacturers
9+ distribution centers
BBB Rating by Standard & Poor’s
Headquarter are located in 100 Mission Ridge Goodlettsville, TN 37072