888 Corbin Rd - Convenience Store FOR SALE


Chipley, FL 32428
$2,220,375 USD
734-755-6359
888 Corbin Rd, Chipley, FL for Sale
$2,220,375 USD
Convenience Store - FOR SALE
1/4
null | 6.4% Cap Rate

888 Corbin Rd
Chipley, FL 32428


HIGHLIGHTS

  • 5% RENT INCREASES EVERY 5 YEARS!!
  • 2 Points of Ingress/Egress | Accessible from Both Streets!
  • Corner Location Seeing 4,700 Cars Per Day
  • 2025 BTS Construction | Plus Size Footprint
  • Corporate Guaranty
  • The Only Dollar Store Serving the Area!

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF Dollar General Plus store located in Chipley, Florida - complete with upgraded architectural design. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction with store opening & rent on track to start in May 2025. This Dollar General Market is highly visible as it is strategically positioned on the corner of Corbin Road & Orange Hill Road which sees 4,700 cars per day and accessible from both streets. The 10 mile population from the site is 19,812 and the 3 mile average household income is $64,966 per year, making this location ideal for a Dollar General. It is the only dollar store serving this area! 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 financial strength and the proven profitability of the tenant, the nation’s top small box discount retailer. List price reflects a 6.40% cap rate based on NOI of $142,104. Instate Broker of Record: Brian Brockman | Bang Realty

FOR SALE DETAILS

PRICE

$2,220,375 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Plus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

4.99 AC

LAND SF

217,364 SF

ZONING

C-1

APN/PARCEL ID

00000000-00-2419-0013

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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