This property is Off-Market
36750 East State Road 70
Myakka City, FL 34251 ·
9,002 SF · Retail For Sale
|Building Size||9,002 SF||Occupancy||100%|
Free Standing BldgMore...
|Property Use Type||Net Lease Investment with 10+ years left on lease||Lot Size||1.29 AC|
|Listing ID: 17793375||Date Created: 08/16/2012||Last Updated: 12/19/2012|
The subject property is a newly constructed, freestanding Dollar General. There is a 15-year NNN lease with no landlord maintenance responsibilities. The lease is guaranteed by Dollar General Corporation, which has sales of $14.8 billion.
As of April 2012, Dollar General operated 10,000 stores located in 40 states. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.
Dollar General's operations in this location will benefit from the lack of any competition in the immediate area as well as the sizeable population of local migrant workers. Manatee County has approximately 20,000 migrant workers in 29 locations. Seven of these migrant worker camps are located in Myakka City. Because the closest retail/grocery shopping areas are approximately fifteen miles from the Dollar General location, this particular location is likely to be a strong performer.
- Brand New Construction
- 15 Year NNN Lease With No Landlord Maintenance Responsibilities
- Virtually No Compettition in Immediate Area
- Store to Benefit From Large Number of Migrant Workers in Immediate Area
- Dollar General Operates Approximately 10,000 Stores in Forty States
- Dollar General Experiencing Strong Sales of Approximately $14.8 Billion Annually
36750 East State Road 70, Myakka City, FL 34251 (Manatee County)
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