DOLLAR GENERAL | KISSIMMEE, FLORIDA



INVESTMENT SUMMARY

Purchase Price
$2,688,296

Location
3260 Pleasant Hill Road

Cap Rate
5.50%

Annual Rent
$147,856.32

Building Size
9,100 SF

Land Area
1.23 Acres

Ownership
Fee Simple

Lease Type
NNN

Term Remainning
6.5 Years

LEASE EXPIRATION
01/31/2029

Renewal Options

RENT INCREASES
10% at Options

Parking
33 Spaces

Year Built
2014

APN
30-26-29-0000-0023-0000

Traffic Counts
34,455 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 6.50 Years Remaining in the Initial 15-Year Lease Term
- 2014 Build-to-Suit Dollar General
- Six (6) - 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
UPGRADED CONSTRUCTION:
- CMU Block Stucco/Brick
EXPLOSIVE POPULATION GROWTH:
- 1-Mile = 6.80% Annually (34.02% Over the Next 5 Years)
- 3-Mile = 4.10% Annually (20.55% Over the Next 5 Years)
- 5-Mile = 2.93% Annually (15.01% Over the Next 5 Years)
- 7-Mile = 2.59% Annually (2.59% Over the Next 5 Years)
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 4,611 Residents; $81,811 Average Household Income
- 3-Mile: 34,618 Residents; $71,829 Average Household Income
- 5-Mile: 84,280 Residents; $61,458 Average Household Income
- 7-Mile: 130,947 Residents; $60,496 Average Household Income
PROXIMITY FROM KISSIMMEE:
- Orlando, FL | 22 Miles
- The Villages, FL | 69 Miles
- Tampa, FL | 73 Miles
- Fort Myers, FL | 146 Miles
- Jacksonville, FL | 162 Miles
- Miami, FL | 218 Miles
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 18,818 Stores in 47 States as of October 28, 2022