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1126 County Road 309
Crescent City, FL 32112
Dollar General · Retail Property For Sale
PROPERTY FACTS
ABOUT 1126 COUNTY ROAD 309 , CRESCENT CITY, FL 32112
Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 1128 County Road 309 in Crescent City, Florida. The site was built to suit for Dollar General in 2011 and consists of 9,014 rentable square feet. This investment is being offered at $1,430,880, which represents a 7.40 percent capitalization rate. Dollar General is subject to an original 15-year absolute triple net lease, which allows for no landlord responsibilities. Additionally there are four, five-year renewal options with rental increases in each. The lease is corporately guaranteed by Dollar General, with a BBB credit rating by Standard & Poor's. The site is conveniently located near several neighborhoods, and has minimal area competition.
PROPERTY TAXES
| Parcel Number | 26-12-26-0000-0060-0030 | Improvements Assessment | $1,186,650 |
| Land Assessment | $50,000 | Total Assessment | $1,236,650 |
PROPERTY TAXES
