Dollar General – Winter Haven, FL

$2,280,600
Price
$114,030
Noi
5.00%
Cap Rate
9,100
Leasable Area
2015
Year Built

Fortis Net Lease is pleased to present this upgraded 9,100 SF. Dollar General store located in Winter Haven, Florida. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities and over 8 years left on the primary term. The lease contains 4 (5 year) 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 has been open and operating successfully since February of 2015. It ranks in the top third performing stores within a 15 mile radius.

This Dollar General is highly visible as it is strategically positioned on Spirit Lake Road which sees 14,500 cars per day. The five mile population from the site is 62,211 while the one mile average household income is $78,915 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the three mile population growth rate at 10.58%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a 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 5.00% cap rate based on NOI of $114,030.

INVESTMENT HIGHLIGHTS
• 15 Yr Absolute NNN Lease | Zero Landlord Responsibilities
• Upgraded Construction | Near Hard Signalized Corner |
• Surrounded by Residential
• Two Points of Ingress/Egress | Accessible from Both Streets
• Four (5 Year) Options | 10% Increase at Each
• One Mile Household Income $78,915
• Five Mile Population 68,211 | Expected 10.21% Growth
• Three Mile Population Growth Rate 10.58%
• 14,500 Cars Per Day on Spirit Lake Road
• Investment Grade Dollar Store with “BBB” Credit Rating
• Dollar General Reported 31 Consecutive Years of Same Store Sales Growth
• Ranks in the Top 1/3 Performing Stores Within a 15 Mile Radius

Instate Broker of Record: Michael Orden | Naples Real Estate Consultants | #BK3224663

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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