Dollar General | Single Tenant NN Leased | 2340 US 17
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Dollar General | Single Tenant NN Leased 2340 US 17
9,100 SF Retail Building Winter Haven, FL 33881 $2,570,391 CAD ($282 CAD/SF) 7.60% Cap Rate
INVESTMENT HIGHLIGHTS
- 3+ Years Remaining | Corporate Guaranteed | Established Brand
- Situated Along 8th St NW (33,000 VPD) | Dense Retail Corridor | Ideally Next to Home Depot Anchored Center
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Local Demographics in 5-mile Trade Area | Direct Consumer Base | Winter Haven
EXECUTIVE SUMMARY
• Dollar General has 3+ years remaining on their current lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,100 locations in 47 states as of May 2024
• Part of DG National Insurance Program
• The subject property is paying below market rent at around $14.53/Sq. Ft
• The company has opened 1,050 new stores across the U.S. in 2022, expanding its presence to 47 states throughout the country
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,100 locations in 47 states as of May 2024
• Part of DG National Insurance Program
• The subject property is paying below market rent at around $14.53/Sq. Ft
• The company has opened 1,050 new stores across the U.S. in 2022, expanding its presence to 47 states throughout the country
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2008
Price
$2,570,391 CAD
Price Per SF
$282 CAD
Cap Rate
7.60%
NOI
$195,350 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.19 AC
Zoning
C-3 - Highway Commercial
Parking
36 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-28-17-000000-023060 | Improvements Assessment | $976,227 CAD |
| Land Assessment | $351,642 CAD | Total Assessment | $1,327,870 CAD |
PROPERTY TAXES
Parcel Number
26-28-17-000000-023060
Land Assessment
$351,642 CAD
Improvements Assessment
$976,227 CAD
Total Assessment
$1,327,870 CAD
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Dollar General | Single Tenant NN Leased | 2340 US 17
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