Historical Retail Sale Listing - Dollar General

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Dollar General

36750 East State Road 70, Myakka City, FL 34251

N/A

9,002 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
9,002 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Street Retail
Retail Pad
Anchor
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
2%
Cap Rate:
7.25%
Occupancy:
100%
Tenancy:
Single
Year Built:
2012
Lot Size:
1.29 AC
Listing ID
17793375
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 36750 East State Road 70, Myakka City, FL 34251 (Manatee County)

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