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Dollar General 31285 Blue Star Hwy
9,014 SF Retail Building Midway, FL 32343 $1,591,150 CAD ($177 CAD/SF) 5.91% Cap Rate
INVESTMENT HIGHLIGHTS
- Foot traffic ranked #3 of 24 Dollar Generals in a 15 Mile Radius of Northwest Tallahassee. #307 out of over 1,000 Dollar Generals in Florida.
- 13 Miles from Downtown Tallahassee, Florida State University and Talahhassee International Airport
- Lease Extension through April 30, 2030 with Four 5-Year Options though April 30, 2050, with 10% increase each option.
- 2 Miles from Interstate 10 / US 90 Interchange. 20,400 Average Traffic Count Per Day (AADT)
EXECUTIVE SUMMARY
#307 in foot traffic of 1,000+ Dollar Generals in Florida
20,400 AADT
Asking Price: $1,100,000.00
Annual Rent: $74,400 plus commercial rental tax
Lease Commencement: August 13, 2007
Lease Expiration: April 30, 2030
Renewal Options: Four - 5-year options Beginning May 1, 2030 through April 30, 2050
Building Size: 9,014 +/- SF
Land Size: 1 Acre
Tenant Responsibilities:
RE Taxes, Building Insurance, Minor Repairs to
heating, lighting, plumbing, and air conditioner
(Anything less than $750 per occurrence), and
Parking Lot Maintenance ($338.03 per month plus commercial rental tax paid to Lessor in addition to monthly rent).
Lessor Responsibilities:
Roof, Structure, and major CAM (greater than $750 per occurrence).
Leased by:
Dollar General Corporation
Guarantor: NYSE: DG
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Tenant Controlled HVAC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 9,014 SF
- $11.92 CAD
- Double Net
- Apr 2030
DG is proud to be America’s neighborhood general store. We strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 9,014 SF | $11.92 CAD | Double Net | Apr 2030 |
PROPERTY TAXES
| Parcel Number | 4-08-1N-2W-0000-00131-0500 | Improvements Assessment | $990,636 CAD |
| Land Assessment | $59,568 CAD | Total Assessment | $1,050,204 CAD |
PROPERTY TAXES
Presented by
La Rosa Realty CW Properties LLC
Dollar General | 31285 Blue Star Hwy
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