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4154 S Byron Butler Pkwy
Perry, FL 32348
Dollar General · Retail Property For Sale
Investment Highlights
- Investment Grade Corporate Guaranty (S&P: BBB/Stable)
- Strategic Rural Market Location
- Essential Retailer - Recession Proof
- Long-Term Absolute NNN Lease
- ???????Strategic Highway Frontage with Direct Access to Tallahassee
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple ownership interest in the Dollar General property located at 4154 US Hwy 19 in Perry, Florida (“Property”). The Property comprises a 9,100-square-foot building on a large 2.57-acre parcel of land. Dollar General is subject to a long-term absolute NNN lease, which is corporately guaranteed and has over 10 years remaining on the initial term. This offering is a rare opportunity to invest in a highly passive asset backed by a top-rated national tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2021
Price
$1,753,000
Price Per SF
$192.64
Cap Rate
6.50%
NOI
$113,964
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.57 AC
Opportunity Zone
Yes
Zoning
CM - Commercial
Parking
25 Spaces (2.74 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 07-05-08-08431-000 | Improvements Assessment | $627,610 |
| Land Assessment | $51,600 | Total Assessment | $679,210 |
Property Taxes
Parcel Number
07-05-08-08431-000
Land Assessment
$51,600
Improvements Assessment
$627,610
Total Assessment
$679,210
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