518 S Tyndall Pky
Panama City, FL 32404
Dollar General · Retail Property For Sale

Newly constructed Dollar General store with a new 15-year NNN lease with four (4) 5-year lease renewal options. Tenant is responsible for all expense and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the lease and is an investment grade tenant with an S&P rating of BBB. Dollar General is an essential company that provides basic necessities and is thriving in this time of need. On March 23, 2020, Dollar General announced plans to add up to 50,000 new employees by the end of April to support operations amid heightened demand for essential supplies offered in their stores. The full release is available on the DG Newsroom here: https://newscenter.dollargeneral.com/news/dollar-general-to-hire-up-to-50000. This offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor. This passive investment offers buyers a secure investment with no landlord responsibilities and rent guaranteed by a stable, recession and e-commerce resistant tenant. This Seller is a trusted Dollar General developer with a meticulous construction and transaction process that makes these transactions extremely smooth and reliable. They have successfully delivered nearly 200 Dollar General locations over 10+ years. This Seller has negotiated special financing terms which may be extended to the buyer on this transaction, which may provide substantial cost savings and increased IRR to Buyer.