Dollar General for Sale in St. Petersburg, FL
St. Petersburg, FL
Key Investment Metrics
Price
$2,759,740
Cap Rate
6.2%
Net Operating Income
$169,725
Building Size
9002 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
Property overview
Dollar General in St. Petersburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,002 SF
- Year built
- 2011
- Lease type
- Absolute NNN
- Lease expiration
- 08/21/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.