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Dollar General 14823 NE Hwy 315

9,490 SF Retail Building Fort Mc Coy, FL 32134 £901,033 (£95/SF) 7.25% Net Initial Yield

Investment Highlights

  • High Volume Successful Store
  • Renewed Early Two Times

Executive Summary

• Tenant Renewed Twice Early Showing Commitment to the Location and
Providing Long Term Stability to the Income Stream
• Excellent Visibility - Prominent Location Near the Intersection on NE HWY
315 & E Co Rd 316, the Main Intersection of Fort McCoy.
• Nearby Tenants Include: Circle K, USPS, Subway, BP Gas
• The Subject Property is 15 miles NE of Ocala (part of the Ocala MSA 61,000
residents) and 35 miles SE of Gainesville
• Centrally Located in the State of Florida - Easy Access From All Major Cities
• Large 1.39 Acre Lot
• Publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade
credit rating of BBB
• Florida is an Income Tax Free State

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,490 SF
Building Class
C
Year Built/Renovated
2007/2022
Price
£901,033
Price Per SF
£95
Net Initial Yield
7.25%
NOI
£65,325
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
1.39 AC
Zoning
B4 - designation is generally applied to areas intended for a wide range of commercial uses, including retail, service businesses, and some light industria
Frontage
348 ft on Northeast Co Road 315

Amenities

  • Security System
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 9,490 SF
  • £6.88
  • Double Net
  • Dec 2027

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 9,490 SF £6.88 Double Net Dec 2027

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09526-000-00
Land Assessment
£96,334
Improvements Assessment
£444,637
Total Assessment
£540,971
  • Listing ID: 34212814

  • Date on Market: 16/12/2024

  • Last Updated:

  • Address: 14823 NE Hwy 315, Fort Mc Coy, FL 32134

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