Investment Opportunity - Dollar General
Corporate Guarantee: Leased to Dollar General Corporation (S&P BBB+), providing credit-backed stability and security.
Strong Income Stream: Produces $84,206 NOI annually with a 7.75% cap rate, well-priced below replacement cost.
Lease Security: Nearly 4 years remaining on the current NN lease term (expiring July 2029), with 10% rent increases every 5 years.
Prime Location: Positioned along Gulf Beach Hwy with traffic counts exceeding 21,000+ vehicles daily, near Starbucks, Target, Walmart, and more.
Solid Demographics: Over 67,000 residents within 5 miles and household incomes exceeding $75,000 within 3 miles, fueling long-term retail demand.
Tenant-Friendly Structure: Dollar General covers HVAC and CAM charges, while landlord responsibilities are limited to roof, structure, GLI, and parking capex.
Location
8720 Gulf Beach Hwy
More Details
Leasable Area:
Lot Size:
Year Built:
Parking:
NOI:
Cap Rate:
Rent Increases:
Renewal Options:
Term:
LL Responsibilities:
9,014 sf
82,328 sf
2009
26
$84,206(9,34/sf)
7.75%
10% every 5 yrs
3 options, 5-yrs each
7/2009 - 7/2029
Roof, Structure, GLI, Parking Capex