$1,740,712
$1,825,625
4.7%For more information regarding the value of a property, please contact us for a free consultation.
9,100 SqFt
SOLD DATE : 05/10/2019
Key Details
Sold Price $1,740,712
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $191
MLS Listing ID GC425296
Sold Date 05/10/19
HOA Y/N No
Year Built 2018
Annual Tax Amount $1
Lot Size 1.600 Acres
Acres 1.6
Property Description
Newly constructed Dollar General store with a new 15-year NNN lease with Four (4) 5-year lease renewal options. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General has corporately guaranteed the responsibilities and rent. This offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor. This investment will offer a new owner continued success due to financial strength and the proven profitability of the tenant. This Seller is a Trusted Dollar General Developer with a meticulous construction and transaction process in place that makes these transactions extremely smooth and reliable. They have successfully delivered 200 Dollar General locations over the past 10+ years. This Seller has negotiated Special Financing Terms which may be extended to Buyer on this transaction, which would provide substantial cost savings and increased IRR to buyer. IN AN OPPORTUNITY ZONE-TAX ADVANTAGES: DEFERMENT OF TAXES ON INCOME GAIN, POTENTIAL TAX REDUCTION ON INCOME GAIN, AND TAX FREE GAIN ON THIS PROPERTY.
Location
State FL
County Levy
Exterior
Roof Type Metal
Building
Lot Description Other
Lot Size Range 1 to less than 2
Others
Acceptable Financing Other
Listing Terms Other
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Bought with Out Of Area Firm (See Remarks)
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