Vernon, FL - Dollar General Market
3314 Sapp Ave, Vernon, FL
$2,455,000
Price
6%
Cap Rate
$147,300
NOI
Overview
Description
• Dollar General Market has executed a brand new 15-year lease in August of 2022 with 5 (5-year) options to extend, demonstrating their long-term 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 19,294 stores as of May 2023
• 10% rental increases at each option to extend the lease
• The asset has excellent visibility via street frontage
• Dollar General is strategically fronting State Highway 79 which averages 8,500 vehicles per day
• Dollar General is located at the hard signalized corner of State Highway 79 and Sapp Avenue
Listing ID: a28TP0000000XbtYAE