1602 Home Ave
Sebring, FL 33870
Retail Property For Sale
Investment Highlights
- Essential Retailer on Hard Signalized Corner Location
- Five Mile Population 45,644
- 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
- Three Mile Population Growth Rate 7.75%
- 12,600 Cars Per Day on Sebring Parkway
- Four (5 Year) Options | 10% Rental Increase At Each Option
Property Facts
About 1602 HOME AVE , SEBRING, FL 33870
Fortis Net Lease is pleased to present this 9,002 SF. Dollar General store located inSebring, Florida. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction with rent commencing in June 2020. This Dollar General is highly visible as it is strategically positioned on the corner of Home Avenue and Sebring Parkway which sees 12,600 cars per day. The five mile population from the site is 45,644 while the one mile average household income is $54,578 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the thee mile population growth rate at 7.75%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. Instate Broker of Record: Michael Houghton | Oak Realty Advisors
Property Taxes
| Parcel Number | S-19-34-29-A00-0030-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $18,809 |
Property Taxes
