14 Hwy 630 E
Frostproof, FL 33843

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 14 Highway 630 E, Frostproof, Florida. The site was built to suit for Dollar General in 2009 and consists of 8,988 rentable square feet. This investment is being offered at $2,031,062, which represents a 7.25% capitalization rate. Constructed in 2009, Dollar General is subject to an original 15-year absolute triple net lease, which allows for no landlord responsibilities. Additionally there are three, five-year renewal options with 10 percent rental increases in each. The lease is corporately guaranteed by Dollar General, who has a BBB credit rating by Standard & Poor's. The site is positioned on a signalized hard corner and benefits from 5,800 passing vehicles per day. Located just one block away from the subject property is both Frostproof Middle School & High School which is home to over 1,100 students. Frostproof is located in Polk County and is about 45 miles southeast from Lakeland. Large companies such as Publix and Walmart employ thousands of workers across the county while tourism becomes a greater contributor to jobs as well. The Lakeland metro, which encompasses all of Polk county, is uniquely situated to grow as a transportation hub, evidenced by the presence of FedEx and Amazon.