Assumable Financing Available! Triple Net Leased Dollar General Built in 2020, Current 5% CAP Rate and a $143,645 NOI!
$2,872,900
SOLD
Call for Address
******, FL
Current CAP Rate: 5%
Lease Term: 12.5 years remaining. (4) 5-Year Options
10% Rent Increase Every 10 Years at Each
Option
Absolute NNN w/ no landlord obligations.
New 2020 Construction on 1.88 Acres - Surrounded by New
Developments
Surrounded by National Tenants Including Walmart, Winn Dixie,
Tractor Supply Co, Dollar Tree, Aldi, Walgreens, Burger King,
McDonalds, Publix, and Many More.
INVESTMENT SUMMARY:
NOI: $143,645
Price / SF: $332.32
Building Size: 9,100 SF
Land Acreage: 1.88 Acres
Year Built: 2020
LEASE SUMMARY:
Lease Type: Absolute NNN
Taxes / CAM / Insurance: Tenant
Roof / Structure: Tenant
Original Lease Term: 15 Years
Term Remaining: 12.5 Years
Commencement Date: 11/2/2020
Term Expiration: 11/30/2035
Options: (4) 5-Year Options
Increases: 10% in Each Option
Guarantor: Dollar General Corporation
Assumable Financing Option: Purchase Price: $2,872,900 Loan Amount: $1,748,722 - $1,124,178 Equity Required Loan Term: 5 Years Fixed Term/Maturity 02/08/2026 Amortization: 30 Years Fixed Interest Rate: 3.38% Interest Only Thru 02/08/2024 - 3.38% Principal & Interest Thru 02/08/2026 Loan Assumption Fee: .50/$8,743.61 NOI: $143,645 Annual Debt Service: $59,928 Net thru 02/08/2024: $83,717 - 7.27% Cash On Cash Annual Debt Service: $93,397 Net thru 02/08/2024: $50,248 - 4.36% Cash On Cash Balance of Note Due 02/08/2026: $1,682,575.26
