31285 Blue Star Hwy - Convenience Store FOR SALE


Midway, FL 32343
$1,420,867 USD
407-910-2168
31285 Blue Star Hwy, Midway, FL for Sale
$1,420,867 USD
Convenience Store - FOR SALE
1/6
null | 4.5% Cap Rate

31285 Blue Star Hwy
Midway, FL 32343


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.
  • Lease Extension through April 30, 2030 with Four 5-Year Options though April 30, 2050, with 10% increase each option.
  • 13 Miles from Downtown Tallahassee, Florida State University and Talahhassee International Airport
  • 2 Miles from Interstate 10 / US 90 Interchange. 20,400 Average Traffic Count Per Day (AADT)

OVERVIEW

#3 in foot traffic of 24 Dollar Generals in a 15-mile radius #307 in foot traffic of 1,000+ Dollar Genrals in Florida Asking Price: $1,420,867 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

FOR SALE DETAILS

PRICE

$1,420,867 USD

PRICE/SF

$158 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

4-08-1N-2W-0000-00131-0500

ASK ABOUT THIS PROPERTY

Lester RemhofLa Rosa Realty CW Properties LLCMore Info
407-910-2168

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Lester RemhofLa Rosa Realty CW Properties LLCMore Info
407-910-2168

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