Dollar General 3407 Mahogany Dr 10,640 SF Retail Building Pace, FL 32571 $3,038,800 ($285.60/SF) 6% Cap Rate

Fortis Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Pace, Florida - Part of the Pensacola Market & in a huge development area. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. 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 under construction with store opening & rent start on track for November 2025.
This Dollar General is highly visible as it is strategically positioned on the corner of Mahogany Drive & Chumuckla Highway which sees 12,000 cars per day. It is situated across from a new development 40 acre Church & preschool. The 5 mile population from the site is 22,818 and the 3 mile average household income is $130,401 per year, making this location ideal for a Dollar General. This is a huge growth area with the 5 mile population growth rate at 14.79%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.00% cap rate based on NOI of $182,328