Dollar General – Cottondale, FL

$2,428,000
Price
$109,260
Noi
4.50%
Cap Rate
12,480
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this brand new, upgraded, 12,480 SF. Dollar General Market store located in Cottondale, Florida. The property offers a Fifteen (15)Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5year) 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”, which is classified as Investment Grade. The store is on track for a rent commencement in January of 2022.

This Dollar General is highly visible as it is strategically positioned on the corner of Thomas Street and US-231 which sees 12,545 cars per day at the signalized intersection. The ten mile population from the site is 21,044 while the three mile average household income is $56,621 per year, making this location ideal for a Dollar General. The site sits across the street from Cottondale High School and Elementary School. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 4.50% caprate based on NOI of $109,260.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• DG Market Store | Upgraded Construction
• Corner Location | Near Signalized Intersection
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $56,621
• Ten Mile Population 21,044 and Growing
• 12,545 Cars Per Day on US-213
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• Across the Street from Cottondale High School & Elementary School

Instate Broker of Record: Michael Orden | Naples RE Consultants | License #BK3224663

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM