306 8th Avenue, See Remarks, FL

$770,100
Property Type: Commercial for Sale Status: Sold
Current Price: $788,000 List Date: 11/06/2012 Last Modified: 10/11/2024

Description

LOOKING FOR A STRONG, SAFE INVESTMENT OPPORTUNITY WHICH REQUIRES VERY LITTLE WORK OR TIME? 2011 STORE SALES OF $2,188,252 (which are roughly TWICE the national average) , AND A STRONG 8.84% CAP RATE SET THIS CORPORATELY GUARANTEED DOLLAR GENERAL STORE ASIDE FROM OTHER DOLLAR GENERAL AND NN LEASE OPPORTUNITIES. With sales growth over 49% in just five years since it' s opening in 2006, this store has achieved year over year increases in annual sales. Because of Jasper' s outstanding, consistent performance, the landlord was able to negotiate 3 rent bumps in the primary term and extend the primary term out to 2019 along with two 5 year options. In addition, although this build to suit building was newly constructed in 2006, this Dollar general store has been successfully operating in

Supplements: Jasper for over 30 years!! Offering a great location this 9014 sq ft prototype build to suit store, is located less than 5 miles from the major North/South artery in Florida, Interstate 75, and near a variety of major retailers such as BP, CVS, Family Dollar, Bank of America and Hardees. In addition, with $34,024, 2011 median household income and a 65%/35% split of white and blue collar workers, Jasper' s demographics have consistently proved to be a great fit with Dollar General. This long term net leased investment is a unique opportunity because it is in a proven location with record sales roughly twice the national average, with established competition already in the area, has a strong corporate guarantee, and a strong CAP rate of 8.84%. ACT NOW as rarely do you see a Dollar General opportunity like this.

More Information MLS# 586194

None

Current Price: $770,100

Status Change Info

Status: Sold Under Contract Date: 2013-01-05 Sold Date: 2013-01-23 Sold Price: $770,100

Contract Info

List Date: 2012-10-31 List Price: $788,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 30 - Other Counties Street #: 306 Street Name: 8th Street Suffix: Avenue State: FL Parcel ID: UNKNOWN

General Property Info

Property Information: Dollar General NN Corporate Guarantee Lease. Vacant: No Immediate Occupancy: Yes Zoning: COMMERCIAL

Income Producing

Year Built: 2006 Building SqFt: 9014 Cash Flow: 69668 Cap Rate: 8.84 Property Type: Retail

Property Features

Class: Income Producing Construction Status: Existing
Listing Office: RE/MAX Coastal Properties
Last Updated: October - 11 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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