7071 Mobile Hwy
Pensacola, FL 32526
Dollar General · Retail Property For Sale

NEW UPGRADED CONSTRUCTION STORE Brand New 9,100 SF Build to Suit Dollar General on Mobile Highway (22,500 VPD) in Pensacola, FL This store has upgraded construction and is scheduled for delivery late September 2018. SUPERIOR DEMOGRAPHICS The 5-Mile population of this location is 85,920 and the average household income is $61,144 which is superior to typical Dollar General locations. WELL LOCATED ON U.S. ROUTE 90 The subject property is well positioned on Mobile Hwy (U.S. Route 90) which has22,500 VPD. U.S. Route 90 in FL is one of the southernmost U.S. west-to-east routes in the U.S. and it is never more than six miles from I-10 throughout the state. PENSACOLA Pensacola is the westernmost city in the Florida Panhandle. The MSA has a population of over 485,600 and has experienced explosive growth in the past decade. Pensacola draws countless tourists every year who contribute $787 million annually to the local economy. The city is a center for education, defense and education. The main campus of the University of West Florida is situated north of the city center less than a mile from the subject property and boasts a student population of over 13,000. The city is referred to as the “Cradle of Naval Aviation”. A large United States Naval Air Station, the first in the United States, is located southwest of Pensacola near Warrington; it is the base of the Blue Angels flight demonstration team and the National Naval Aviation Museum. Pensacola is undergoing extensive investment in 2018, including a Pensacola International Airport growth grant of $4 million and a $1.8 million workforce grant awarded to Pensacola State College. NO STATE INCOME TAX Florida is one of only seven states that has no state tax income tax. LONG-TERM CORPORATE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. There are 10 percent rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT Dollar General is a publicly traded (NYSE: DG) Fortune 500 company that operates over 14,609 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P.