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Key Details
Sold Price $2,000,549
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $219
MLS Listing ID GC426265
Sold Date 06/14/19
HOA Y/N No
Year Built 2019
Annual Tax Amount $804
Lot Size 1.900 Acres
Acres 1.9
Property Description
Newly constructed Dollar General store with a new 15-year NNN lease with Four (4) 5-year lease renewal options. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General has corporately guaranteed the responsibilities and rent. This offering represents an ideal opportunity for a 1031 exchange buyer of a "passive" investor. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. This Seller is a Trusted Dollar General Developer with a meticulous construction and transaction process in place that makes these transactions extremely smooth and reliable. They have successfully delivered 200 Dollar General locations over the past 10+ years. This Seller has negotiated Special Financing Terms which may be extended to Buyer on this transaction, which would provide substantial cost savings and increased IRR to buyer.
Location
State FL
County Duval
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Roof Type Metal
Building
Lot Description Other
Lot Size Range 1 to less than 2
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Out Of Area Firm (See Remarks)
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Kevin Tison
Broker Associate | License ID: BK626101
Broker Associate License ID: BK626101