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Dollar General 31285 Blue Star Hwy
9,014 SF Retail Building Midway, FL 32343 $1,420,867 ($158/SF) 4.50% Cap Rate
Investment Highlights
- Foot traffic ranked #3 of 24 Dollar Generals in a 15 Mile Radius of Northwest Tallahassee. #307 out of over 1,000 Dollar Generals in Florida.
- 13 Miles from Downtown Tallahassee, Florida State University and Talahhassee International Airport
- Lease Extension through April 30, 2030 with Four 5-Year Options though April 30, 2050, with 10% increase each option.
- 2 Miles from Interstate 10 / US 90 Interchange. 20,400 Average Traffic Count Per Day (AADT)
Executive Summary
#307 in foot traffic of 1,000+ Dollar Genrals in Florida
Asking Price: $1,420,867
Annual Rent: $74,400 plus commercial rental tax
Lease Commencement: August 13, 2007
Lease Expiration: April 30, 2030
Renewal Options: Four - 5-year options Beginning May 1, 2030 through April 30, 2050
Building Size: 9,014 +/- SF
Land Size: 1 Acre
Tenant Responsibilities:
RE Taxes, Building Insurance, Minor Repairs to
heating, lighting, plumbing, and air conditioner
(Anything less than $750 per occurrence), and
Parking Lot Maintenance ($338.03 per month plus commercial rental tax paid to Lessor in addition to monthly rent).
Lessor Responsibilities:
Roof, Structure, and major CAM (greater than $750 per occurrence).
Leased by:
Dollar General Corporation
Guarantor: NYSE: DG
Data Room Click Here to Access
- Offering Memorandum
- Market Information
Property Facts
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Tenant Controlled HVAC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 9,014 SF
- $8.25
- Double Net
- Apr 2030
At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 9,014 SF | $8.25 | Double Net | Apr 2030 |
PROPERTY TAXES
| Parcel Number | 4-08-1N-2W-0000-00131-0500 | Improvements Assessment | $715,397 |
| Land Assessment | $42,000 | Total Assessment | $757,397 |
PROPERTY TAXES
Presented by
La Rosa Realty CW Properties LLC
Dollar General | 31285 Blue Star Hwy
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