164 John King Rd - Retail FOR SALE


Crestview, FL 32539
$2,666,500 USD
909-456-3475
164 John King Rd, Crestview, FL for Sale
$2,666,500 USD
Retail - FOR SALE
1/1
null | 6.35% Cap Rate

164 John King Rd
Crestview, FL 32539


HIGHLIGHTS

  • Brand New Upgraded Construction Dollar General | Delivering in February 2025 | 5% Increases Every 5 Years
  • Well above average demographics for Dollar General | Over 42,000 residents within five miles of the site | Average Household income exceeds $92,000
  • Crestview is known as the “Hub City” for its prime location where three major Florida highways meet and is the perfect place to settle down
  • The site is surrounded by residential areas, and residents in the nearby neighborhoods need to pass the site to get to the 10 Freeway
  • New housing development by DSLD Homes – Patriot Ridge to the Southeast with 65 new single-family homes being built priced between $361,000 - 410,000
  • Florida is one of 7 states with no state income tax

OVERVIEW

The subject property is a brand new construction Dollar General delivering in February 2025 in Crestview, FL. Dollar General signed a fifteen-year triple net lease with 5% increases every five years and in each of the five, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $33.35 billion and an annual revenue north of $38.7 billion.

FOR SALE DETAILS

PRICE

$2,666,500 USD

PRICE/SF

$251 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Crestview, FL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

-

APN/PARCEL ID

32-3N-23-0000-0002-0010

ASK ABOUT THIS PROPERTY

Kyle BlattMarcus & MillichapMore Info
909-456-3475

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Kyle BlattMarcus & MillichapMore Info
909-456-3475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.