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| Price $3,248,000 | Built/Renov 2024 | Tenant Dollar General Plus |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,640
| Lease Start
09-05-2024
| #Units
19,986
|
| Price/SF $305.26 | Expiration
09-30-2039
| Tenant Type Dollar/Discount |
| NOI $194,880 | R. Term 14.9 | Ownership Fee Simple |
| Rent/SF
$18.32
| Increases 5.0%/5/yrs | Pop 5Mi 77,291 |
| Lot/AC 1.48 | Options 5/5yrs/5% | AHHI 5Mi $82,603 |
| | |
Dollar General is strategically located near the signalized, hard corner intersection of Hollywood Boulevard and Memorial Parkway NW, with access to a combined daily traffic count of 16,851 vehicles. The property is situated between a Valero Gas Station and a Hyundai dealership. Additionally, it is 10 miles from Destin-Fort Walton Airport and in the vicinity of well-known national tenants,...
...New construction
Signalized intersection
Dense retail corridor
Near major nationals
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 9,232 | 54,658 | 79,068 |
| 2024 Total Population : | 9,014 | 53,509 | 77,159 |
| 2024 Employed Civilian Pop : | 4,574 | 27,858 | 39,109 |
| 2024 Total Businesses : | 407 | 3,346 | 4,019 |
| 2024 Average Household Income : | $ 91,829 | $ 91,018 | $ 97,396 |
| 2024 Total Consumer Spending : | $ 313 M | $ 1869 M | $ 2831 M |
| 2024 Median Age : | 41 | 39 | 39 |
| 2024 Total Households : | 3,890 | 23,345 | 33,148 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,077 | 8,208 | 12,338 |
| 2024 Average Home Value : | $ 403,505 | $ 438,448 | $ 458,021 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Hollywood Boulevard | Commerce Ave SW | 2022 | 10,800 | 0.04 mi |
| Memorial Pky NW | Cecelia Dr NW | 2005 | 6,200 | 0.12 mi |
| Memorial Parkway Southwest | Santa Rosa St SW | 2022 | 6,100 | 0.21 mi |
| Memorial Pky SW | United States Hwy 98 | 2005 | 5,600 | 0.38 mi |
| Memorial Parkway Northwest | Holmes Blvd NW | 2022 | 5,700 | 0.52 mi |
| Holmes Boulevard Northwest | Memorial Pkwy NW | 2022 | 2,800 | 0.52 mi |
| Wright Pky SW | 2005 | 6,100 | 0.61 mi | |
| Hollywood Blvd | Wright PkwyNW | 2005 | 13,400 | 0.62 mi |
| Robinwood Dr NW | Jet Dr NW | 2005 | 2,600 | 0.64 mi |
| Wright Parkway Northwest | Cypressus Ln NW | 2022 | 4,700 | 0.65 mi |
Vernon, CT
Cap Rate 6.25%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 10,640
Blythe, CA
Cap Rate 5.57%
Lease Abs NNN
R. Term 9.80 yrs
Size/SF 12,380
Athens, GA
Cap Rate 7.00%
Lease Double NN
R. Term 9.10 yrs
Size/SF 10,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
