Dollar General | Single Tenant NN Leased | 2340 US 17
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Dollar General | Single Tenant NN Leased 2340 US 17
9,100 SF Retail Building Winter Haven, FL 33881 £1,478,831 (£163/SF) 7.15% Net Initial Yield
Investment Highlights
- 3+ Years Remaining | Corporate Guaranteed | Established Brand
- Situated Along 8th St NW (33,000 VPD) | Dense Retail Corridor | Ideally Next to Home Depot Anchored Center
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Local Demographics in 5-mile Trade Area | Direct Consumer Base | Winter Haven
Executive Summary
• Dollar General has 3+ years remaining on their current lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,100 locations in 47 states as of May 2024
• Part of DG National Insurance Program
• The subject property is paying below market rent at around $14.53/Sq. Ft
• The company has opened 1,050 new stores across the U.S. in 2022, expanding its presence to 47 states throughout the country
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,100 locations in 47 states as of May 2024
• Part of DG National Insurance Program
• The subject property is paying below market rent at around $14.53/Sq. Ft
• The company has opened 1,050 new stores across the U.S. in 2022, expanding its presence to 47 states throughout the country
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2008
Price
£1,478,831
Price Per SF
£163
Net Initial Yield
7.15%
NOI
£105,670
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
1.19 AC
Zoning
C-3 - Highway Commercial
Parking
36 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 26-28-17-000000-023060 | Improvements Assessment | £538,571 |
| Land Assessment | £193,996 | Total Assessment | £732,566 |
PROPERTY TAXES
Parcel Number
26-28-17-000000-023060
Land Assessment
£193,996
Improvements Assessment
£538,571
Total Assessment
£732,566
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Jaime Salazar -
Power Broker Patrick Nutt -
William Wamble -
SRS Real Estate Partners
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Dollar General | Single Tenant NN Leased | 2340 US 17
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