DOLLAR GENERAL | SEBRING, FLORIDA
INVESTMENT SUMMARY
Purchase Price
$1,713,141
Location
10305 Longoria Pl
Cap Rate
6.75%
Annual Rent
$115,637.04
Building Size
9,100 SF
Land Area
1.50 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
6.33 Years
LEASE EXPIRATION
01/31/2031
Renewal Options
RENT INCREASES
10% At Options
Parking
30 Spaces
Year Built
2016
APN
C-34-35-29-060-0000-0030
Traffic Counts
25,446 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 6.33 Years of Guaranteed Lease Term (Lease Exp: 01/31/2031)
- 2016 Build-to-Suit Construction - 9,100 SF - 1.50 Acre Parcel
- Four (4) - Five (5) Year Option Periods with 10% Rental Increases
ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
UPGRADED CONSTRUCTION:
- Brick & EIFS Stucco
RECENT REMODEL (JUNE 2023) - COMMITMENT TO LOCATION:
- Tenant Remodeled the Subject Property in June 2023 at their Sole Cost & Expense
BUTTONWOOD BAY COMMUNITY:
- Located 1.4 Miles from the Subject Property
- 55+ Community with Over 1,000 Units (RV Sites & Mobile Homes)
- Nestled on Lake Josephine & Jackson Creek
PROXIMITY FROM SEBRING, FLORIDA:
- Tampa, FL | 84 Miles
- Orlando, FL | 84 Miles
- Fort Myers, FL | 86 Miles
- Palm Beach, FL | 112 Miles
- The Villages, FL | 121 Miles
- Miami, FL | 172 Miles
- Jacksonville, FL | 224 Miles
- Tallahassee, FL | 327 Miles
TRADE AREA DEMOGRAPHICS:
- 3-Mile Population: 4,487 Residents | 2.04% Annual Population Growth
- 3-Mile Average Household Income: $94,518
- 5-Mile Population: 11,959 Residents | 2.29% Annual Population Growth
- 5-Mile Average Household Income: $92,083
- 7-Mile Population: 32,397 Residents | 1.95% Annual Population Growth
- 7-Mile Average Household Income: $88,624