Historical Retail Sale Listing - Dollar General

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Dollar General

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

N/A

9,100 SF | Retail

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Retail Property - Off Market

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

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

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.

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

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