Dollar General – Zephyrhills, FL
Fortis Net Lease is pleased to present this brand new 10,542 SF. Upgraded Dollar General PLUS store located in Zephyrhills, Florida. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. 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. This store just opened in June 2022.
This Dollar General is highly visible as it is strategically positioned on the corner of C Avenue and Gall Blvd which sees 19,491 cars per day. It is surrounded by residential homes and on the main thoroughfare into downtown Zephyrhills. The five mile population from the site is 69,375 while the one mile average household income is $47,962 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the 5 mile population growth rate at 18.27%. 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.
• Absolute NNN Lease | Zero Landlord Responsibilities
• 15 Year Term | 4 (5 Year) Options | 10% Increase at Options
• Tampa/St Petersburg Market Area
• Highly Upgraded 2022 BTS PLUS SIZE Construction
• Corner Location | Now Open!
• One Mile Household Income $47,962
• Five Mile Population 69,375 | Expected 18.27% Growth
• Three Mile Population Growth Rate 18.12%
• 19,491 Cars Per Day at C Avenue and Gall Blvd
• Investment Grade Dollar Store with “BBB” Credit Rating
• Surrounded by Residential | On Main Thoroughfare
InState Broker of Record: Michael Houghton | Oak Realty Advisors