540 E Main St
Pahokee, FL 33476
Dollar General Pahokee, FL · Retail Property For Sale

Fortis Net Lease is pleased to present this 9,002 SF. Dollar General store located in Pahokee, FL. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (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 open, with rent having commenced on 6/30/2014. This Dollar General is highly visible as it is strategically positioned at the corner of N Barfield Hwy and E Main St . The five mile population from the site is 8,789 while the one mile average household income $40,403 per year, making this location ideal for a Dollar General. 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. 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 6.65% cap rate based on NOI of $129,665.