Hollywood, FL - Dollar General

Description:

• Dollar General has 9 years remaining on their current lease with 2 (5-year) options to extend
• 12% rent increases at the beginning of each option
• 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 20,580 location as of May 2025
• This location has been a “Dollar Store” for over 20 years. DG moved into the site after FD in 2018. DG extended their lease in 2024 for 10 years showing their strong commitment to the site
• Adjacent to Wawa which drives traffic to the location and can also be purchased along with this DG. The assemblage of these two lots together can increase the long-term value within the land

• Dollar General is strategically located off the signalized, hard corner intersection of US 1/N. Federal Hwy and Harding Street
• US 1/N. Federal Hwy is a dominant thoroughfare that serves the entire East Coast of Florida
• Subject property is less than two miles East of Interstate 95 (280,000 VPD)
• Directly across from S. Broward High School (2,300+ students)
• The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers
• Gentrifying location with multiple developments all around the area, one of the most prominent is being designed by Kobi Karp (one of the biggest architects in Miami) adjacent to the site which will change this skyline in this corridor
• 21 Hollywood, a mixed-use venture Florida YIMBY covered last year, has officially broken ground in Broward County. The 13-story venture will comprise 200 apartments (18 of which are penthouses), along with 10,000 square feet of retail and 301 parking spots