Dollar General | Two Early Lease Extensions | FOR SALE

Highlights:

• Tenant renewed twice early showing commitment to the location and providing long term stability to the income stream.
• High volume store.
• Excellent visibility - Prominent location near the intersection on NE HWY315 & 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.

Description:

Paradise Realty Inc. is pleased to present this long term, NN lease, Build-to-Suit, Dollar General located in income tax free Florida. Built in 2007, there are 3 years remaining on the current term, with 3, five-year options with 10% rent increases at each option period. Dollar General extended the lease early twice showing the strength of this store and its commitment to the location. The current term expires Dec 31, 2027, providing long term stability to the income stream. Dollar General's Net Sales increased 5.0% to $10.2 billion in Q3 2024 compared to $9.7 billion in Q3 2023. Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

This Dollar General is a high volume store. The subject property sits near the crossing of two major thruways, NE Hwy 315 and Hwy 316. It is situated next door to the local United States Postal Service building and is across the intersection from the Circle K / Subway and BP gas station.

Dollar General is responsible for real estate taxes, insurance, minor repairs to HVAC, lighting, plumbing and parking lot maintenance. Dollar General reimburses landlord $300/mo for landscaping and parking lot maintenance.

LOCATION OVERVIEW
Fort McCoy-Anthony CCD's population according the the last census is 19.529. The town is known as a destination for its extensive hiking trails, floating rivers and airboat tours. The community is part of the Ocala Metropolitan Statistical Area of Marion County, Florida with a population of 409,959 and is the 4th fastest growing Metro area in the US. Fort McCoy sits Northeast of Ocala, a 12 mile drive.

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