Dollar General - Net Lease Property for Sale
St. Petersburg, FL
Key Investment Metrics
Price
$2,759,740
Cap Rate
6.2%
Net Operating Income
$169,725
Building Size
9002 SF
Lot Size
9,002 SF
Remaining Term
5.1 years
Lease Expiration
08/21/2031
Lease Term
20 years
Lease Commencement
08/15/2011
Lease Type
Absolute NNN
Year Built
2011
Occupancy
100%
Tenancy
Single
Rent Increases
10% Increases every 5 Years
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in St. Petersburg, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 9002 square feet of building space and was built in 2011.
With a cap rate of 6.2%, this Dollar General net lease property offers stable income potential. The asking price is $2,759,740, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
St. Petersburg, FL Market Overview
Located in St. Petersburg, FL, this Dollar General property benefits from strong local demographics and market fundamentals. The St. Petersburg area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.