39 NE 512th Ave | Old Town, FL 32680
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- LoopNet Team
39 NE 512th Ave
Old Town, FL 32680
Dollar General Market · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 2024 Construction: Build-to-suit Dollar General Market featuring a 10,640 SF building situated on a ±1.87-acre lot
- Investment-Grade Credit: Lease guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with an S&P rating of BBB.
- Built-In Rental Increases: Scheduled 5% rent increases every five (5) years, including during option periods | Prime Corner Location
- Absolute Triple Net Lease: Zero landlord responsibilities with an absolute NNN lease structure, fully passive investment
- Long-Term Security: Over 14 years of initial lease term remaining with five (5), fiveyear renewal options providing long-term income stability.
- Ideal trade area for Dollar General with 19,400+ residents within a 10-mile radius and an average household income exceeding $68,000.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
C
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.87 AC
Zoning
C-1 - Commercial
Parking
43 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
152’ on Northeast 512th Avenue
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,000 | |
| Land Assessment | $17,500 | Total Assessment | $93,117 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$17,500
Improvements Assessment
$2,000
Total Assessment
$93,117
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