DOLLAR GENERAL | KISSIMMEE, FLORIDA

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
Six (6) - Five (5) Year
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
  • 18,566 Stores in 47 States as of July 29, 2022

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