98 E US Hwy - Freestanding FOR SALE


Fort Meade, FL 33841
$2,799,375 USD
734-755-6359
98 E US Hwy, Fort Meade, FL for Sale
$2,799,375 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

98 E US Hwy
Fort Meade, FL 33841


HIGHLIGHTS

  • Brand New 15 Year Absolute NNN Lease
  • Ten Mile Population 21,870 | Expected 18.65% Growth
  • 6,000 Cars Per Day | On Main Thoroughfare
  • Explosive Growth Area | Three Mile Population Growth Rate 21.68%

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General plus store with upgraded architecture located in Fort Meade, Florida - part of the Tampa/St Petersburg Market area. The property offers 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 on track to finish construction & open for business in February 2025. This Dollar General is highly visible as it is strategically positioned off of Highway 98 seeing 6,000 cars per day. It sists across from a gas station & adjacent to a church on the main thoroughfare into downtown Fort Meade. The 10 mile population from the site is 21,870 and the 3 mile average household income is $64,364 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the 3 mile population growth rate at 21.68%! 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 dollar store.

FOR SALE DETAILS

PRICE

$2,799,375 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Plus with Bumps

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

60.23 AC

LAND SF

2,623,749 SF

ZONING

C-1

APN/PARCEL ID

26-31-32-000000-031030

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.