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Dollar General | Crestview, FL 164 John King Rd

10,640 SF Retail Building Crestview, FL 32539 $3,779,684 CAD ($355 CAD/SF) 6.35% Cap Rate

Investment Highlights

  • Brand New Upgraded Construction Dollar General | Delivering in February 2025 | 5% Increases Every 5 Years
  • Crestview is known as the “Hub City” for its prime location where three major Florida highways meet and is the perfect place to settle down
  • New housing development by DSLD Homes – Patriot Ridge to the Southeast with 65 new single-family homes being built priced between $361,000 - 410,000
  • Well above average demographics for Dollar General | Over 42,000 residents within five miles of the site | Average Household income exceeds $92,000
  • The site is surrounded by residential areas, and residents in the nearby neighborhoods need to pass the site to get to the 10 Freeway
  • Florida is one of 7 states with no state income tax

Executive Summary

The subject property is a brand new construction Dollar General delivering in February 2025 in Crestview, FL.

Dollar General signed a fifteen-year triple net lease with 5% increases every five years and in each of the five, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $33.35 billion and an annual revenue north of $38.7 billion.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
10,640 SF
Year Built
2025
Construction Status
Under Construction
Price
$3,779,684 CAD
Price Per SF
$355 CAD
Cap Rate
6.35%
NOI
$240,006 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.81 AC

Nearby Major Retailers

Waffle House
Texas Roadhouse
Applebee's
Cracker Barrel Old Country Store
Beef'O'Brady's
Aldi
Starbucks
Regions Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32-3N-23-0000-0002-0010
Land Assessment
$123,401 CAD
Improvements Assessment
$0 CAD
Total Assessment
$123,401 CAD
  • Listing ID: 33916769

  • Date on Market: 2024-11-19

  • Last Updated:

  • Address: 164 John King Rd, Crestview, FL 32539

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