This Retail Property is Off-Market.

580 West Palm Drive (SW 344th Street)
Florida City, FL 33034 ·

9,100 SF · Retail For Sale

N/A

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Dollar General

Price N/A Occupancy 100%
Building Size 9,100 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2012
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.30 AC
Commission Split 1.5% APN / Parcel ID 1678240071690
Cap Rate 7.20% Parking Ratio 4.60 / 1,000 SF
Listing ID: 17591037 Date Created: 03/27/2012 Last Updated: 07/27/2012

Description

Marcus & Millichap is pleased to offer this free-standing, newly constructed Corporate Dollar General Store, which was delivered in April 2012 and rent has commenced. This Corporate Dollar General Store encompasses over 9,100 + Square feet located at 590 West Palm
Drive (SW 344th Street) in the City of Florida City, Miami - Dade County, FL 33034 which is 32 miles due South of Downtown Miami, FL a world class city, and home of the Port of Miami, the "Cruise Capital of the World." Dollar General has signed a 15 year absolute NNN lease with six - 5 year renewal lease-options with 10%increases in each option period. Featuring All Concrete Walls Reinforced Masonry, with Steel Bar Joist Roof Structure. This chain commands over 9,813+ locations Nationwide and has a Corporation which has a net worth in excess of $14.73
billion rounding out sales for Q3 2011. While many retailers continue to struggle in today's challenging economic climate, Dollar General's business continues to grow.

An Investor can enjoy this credit tenant investment; Dollar General Store at the mouth of the Florida Keys and the historic Everglades National Park.

Highlights

  • Brand New Construction, Featuring all Concrete Walls, Reinforced Masonry, Steel Bar Joist Roof
  • New 15 Year Lease
  • Absolute "NNN" No Landlord Responsiblity
  • Sales over $14.73 Billion Dollars in Q3 2011
  • Dollar General Net Worth 3.3 Billion Dollars
  • 10% Increases in Each Six-Five Year Renewal Options

Research

580 West Palm Drive (SW 344th Street), Florida City, FL 33034 (Miami-Dade County)

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