S Highlands Ave @ Desoto Rd - Convenience Store FOR SALE


Sebring, FL 33870
$2,671,680 USD
734-755-6359
S Highlands Ave @ Desoto Rd, Sebring, FL for Sale
$2,671,680 USD
Convenience Store - FOR SALE
1/5
null | 6.25% Cap Rate

S Highlands Ave @ Desoto Rd
Sebring, FL 33870


HIGHLIGHTS

  • 15 Year Absolute NNN Lease | Zero Landlord Responsibilities.
  • 5% Rental Rate Increases Every 5 Years Five (5 Year) Options | 5% Rental Increase At Each Option
  • Five Mile Population 37,712 | 8.99% Expected Growth 12,900 Cars Per Day on Sebring Parkway.

OVERVIEW

Fortis Net Lease is pleased to present this 10,566 SF. Dollar General Plus store located in Sebring, Florida. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases ever 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 completing construction with rent and opening on track for June 2025. This Dollar General is highly visible as it is strategically positioned on Sebring Parkway which sees 12,900 cars per day, off of a main thoroughfare into downtown Sebring. It sits 1/2 mile from HCA Florida Highlands Hospital and Fred Wild Elementary School. The five mile population from the site is 37,712 while the one mile average household income is $38,965 per year, making this location ideal for a Dollar General. This area is seeing great growth with the 1 mile population growth rate at 10.09%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a 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. List price reflects a 6.25% cap rate based on NOI of $166,980.

FOR SALE DETAILS

PRICE

$2,671,680 USD

PRICE/SF

$207 USD /SF

CAP RATE

6.25%

% 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

15

LAND DETAILS

CROSS STREETS

Desoto Rd

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

C-1

APN/PARCEL ID

C-33-34-29-080-0000-0480

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.