W Clover St @ Agricola Rd - Convenience Store FOR SALE


Bartow, FL 33830
$3,269,140 USD
734-755-6359
W Clover St @ Agricola Rd, Bartow, FL for Sale
$3,269,140 USD
Convenience Store - FOR SALE
1/5
null | 6.3% Cap Rate

W Clover St @ Agricola Rd
Bartow, FL 33830


HIGHLIGHTS

  • New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities in Tampa/St Petersburg Market Area!
  • 5% RENT INCREASES EVERY 5 YEARS! 2025 BTS Construction | Plus Size Footprint.
  • Five Mile Population 24,335 | Expected 19.74% Growth. Explosive Growth Area
  • Three Mile Population Growth Rate 19.62%.

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Plus store located in Bartow, 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 May 2025. This Dollar General is highly visible as it is strategically positioned on the hard corner of Agricola Road & W Closer Street seeing 4,600 cars per day. It sits just outside of The Villages at Laurel Meadow apartment complex and surrounded by residential homes. The 5 mile population from the site is 24,335 and the 1 mile average household income is $70,673 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the 5 mile population growth rate at 19.74%! 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. List price reflects a 6.30% cap rate based on the NOI of $205,956.

FOR SALE DETAILS

PRICE

$3,269,140 USD

PRICE/SF

$307 USD /SF

CAP RATE

6.3%

% 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

-

LAND DETAILS

CROSS STREETS

Agricola Rd

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

C-1

APN/PARCEL ID

24-30-13-000000-011010

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.