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DOLLAR GENERAL | CRESTVIEW, FLORIDA

Purchase Price
$2,500,000
Location
1991 PJ Adams Pkwy
Cap Rate
4.95%
Annual Rent
$123,768.00
Building Size
9,100 SF
Land Area
1.49 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
13.75 Years
LEASE EXPIRATION
08/31/2035
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
34 Spaces
Year Built
2020
APN
31-3N-23-0000-0002-002C
Traffic Counts
22,464 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 13.75 Years Remaining in the Initial 15 Year Lease Term
  • 2020 Build to Suit Construction
  • Upgraded Construction
  • Five (5) - Five (5) Year Option Periods with 10% Rental Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

PROXIMITY FROM CRESTVIEW:

  • Pensacola, Florida | 52 Miles
  • Panama City Beach, Florida | 83 Miles
  • Mobile, Alabama | 99 Miles
  • Tallahassee, Florida | 149 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile = 5,899 Residents; $89,543 Average Household Income
  • 1-Mile Projected Annual Growth = 1.70% (8.50% Over the Next 5 Years)
  • 3-Mile = 20,998 Residents; $76,517 Average Household Income
  • 3-Mile Projected Annual Growth = 2.39% (11.95% Over the Next 5 Years)
  • 5-Mile = 38,983 Residents; $69,720 Average Household Income
  • 3-Mile Projected Annual Growth = 2.28% (11.40% Over the Next 5 Years)
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,000 Stores in 46 States as of November 13, 2021
  • Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)

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