24445 N US Hwy 21 - Freestanding FOR SALE


Orange Springs, FL 32182
$1,572,342 USD
248-419-3657
24445 N US Hwy 21, Orange Springs, FL for Sale
$1,572,342 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

24445 N US Hwy 21
Orange Springs, FL 32182


HIGHLIGHTS

  • 15 Year Absolute NNN Lease
  • 5% RENT INCREASES EVERY OPTION!
  • 2018 BTS Construction
  • Five Mile Population 3,584 | Expected 4.6% Growth
  • Explosive Growth Area | Three Mile Population Growth Rate 4.6%
  • Dollar General Guaranty

OVERVIEW

Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in Fort Mccoy, Florida. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases in each of the 4 (5 Year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade. The store is open and has been successfully operating since 2018. This Dollar General is highly visible as it is strategically positioned on US Hwy 21, seeing 3,500+ cars per day. It sits nestled between US hwy 21 and 315 making it a convenient location for the surrounding neighbors. The 5 mile population from the site is 3,584 and the 1 mile average household income is $50,381 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the 5 mile population growth rate at 4.6%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 7.00% cap rate based on the NOI of $110,064.

FOR SALE DETAILS

PRICE

$1,572,342 USD

PRICE/SF

$173 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

RAC

APN/PARCEL ID

00030-000-00

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

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