DOLLAR GENERAL | SEBRING, FLORIDA

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
Four (4) - Five (5) Year
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

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