Dollar General Market 1980 FL-81 Hwy

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple ownership interest in the brand-new Dollar General property located at 1980 N Hwy 81 in Westville, FL (“Property”). The Property comprises a 12,480 square foot building on 4.57 acres of land. The Property is projected to finish construction in May 2024 and feature upgraded brick and hardie plank construction, offering higher quality than the traditional metal exterior model. The Property comprises a corner lot with direct frontage along Hwy 81 and Hwy 181.
The Property is subject to a long-term NNN lease which is guaranteed by Dollar General Corporation (“Tenant”), the largest discount retailer in the United States with over 19,294 locations in 47 U.S. states and Mexico. Dollar General carries an investment grade credit rating of BBB/Stable by S&P Global Ratings. Dollar General Market is an expanding concept with over 2,700 stores nationally as of Q4 2022 and are expected to convert more than 10,000 stores over the next few years. The stores feature larger floor plans and include produce and perishable goods. The Subject Property benefits from limited competition, serving as the only grocery store within a 10-mile drive.
The Property provides entirely passive ownership and an income stream net of all operating expenses. Tenant is subject to a brand new 15-year lease, providing income security through April 2039 and rental escalations of 5% every five years including in each of the five, five-year renewal options. This Offering is a rare opportunity to invest in a highly passive asset backed by a top-rated national tenant.
In Association With:
Jason Long
FL License #BK3302956