Brand New Absolute NNN Dollar General Plus

$3,269,143

W Clover Street & Agricola Road, Bartow, FL 33830

For Sale

Retail Unknown Sub Type

Active

Last Updated: 03/11/2025

Details:

Cap Rate: 6.3%

NOI: $205,956

Building Size: 10,640 sqft

Lot Area: 1.996 acres

Lease Type: Absolute Net

Year Built: 2025

Price Per Sqft: $307.25

Offered by

Bryan Bender

Partner & Managing Director

Fortis Net Lease

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Highlights:

New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
Tampa/St Petersburg Market Area!
5% RENT INCREASES EVERY 5 YEARS!
2025 BTS Construction | Plus Size Footprint
5 (5 Year) Options | 5% Increases At Each Option
One Mile Household Income $70,673
Five Mile Population 24,335 | Expected 19.74% Growth
4,600 Cars Per Day | Hard Corner Location
Explosive Growth Area | Three Mile Population Growth Rate 19.62%
Investment Grade Dollar Store With "BBB" Credit Rating
Dollar General Guaranty

Description:

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Plus store located in Bartow, Florida - part of the Tampa/St Petersburg Market area. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 Year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is on track to finish construction & open for business in May 2025.

This Dollar General is highly visible as it is strategically positioned on the hard corner of Agricola Road & W Closer Street seeing 4,600 cars per day. It sits just outside of The Villages at Laurel Meadow apartment complex and surrounded by residential homes. The 5 mile population from the site is 24,335 and the 1 mile average household income is $70,673 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the 5 mile population growth rate at 19.74%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.30% cap rate based on the NOI of $205,956.