Dollar General Market

6370 Stewart Street, Milton, FL 32570

$2,732,928

Cap Rate 6.25%

Views: 139 DOM: 81 Updated: 10.06.24 Posted: 09.13.24 Status: Active

Summary

Price $2,732,928	Built/Renov 2024	Tenant Dollar General Market
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,480	Lease Start 08-14-2024	#Units 19,986
Price/SF $218.98	Expiration 08-31-2039	Tenant Type Dollar/Discount
NOI $170,808	R. Term 14.9	Ownership Fee Simple
Rent/SF $13.69	Increases 5.0%/5/yrs	Pop 5Mi 39,154
Lot/AC 2.95	Options 5/5yrs/5%	AHHI 5Mi $68,556

Bryan Bender

Fortis Net Lease

Contact

Lease Highlights

Brand new 2024 construction
New 15-year lease with 5 (5-year) options to extend
The lease features 5% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the signalized, hard corner intersection of Kennington Circle and Stewart Street, with access to a combined daily traffic count of 10,809 vehicles. The property is surrounded by prominent national tenants including Publix, Circle K, Lowe’s, IHOP, Walgreens, and more.The 5-mile trade area serves a population of 39,154 residents, with an average...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Major MSA
Income tax free state
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Dollar General Market Wikipedia Dollar General Wikipedia Milton, Florida Zip Code 32570 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About 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...

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Listing Broker

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