Dollar General / Ace Hardware NNN Sale
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||Net Leased Investment (NNN), Investment
Overview / Comments
NNN investment opportunity in northwest Tallahassee, FL. Property is occupied by Dollar General and Ace Hardware with both tenants having guaranteed leases until 4th quarter 2024 then options to renew. Improvements were developed in 2010 and land included in sale is 2.80 acres zoned commercial parkway
6.97% Cap Rate investment in a promising area for growth in Florida's Capital City
Dollar General: 9,014 SF, 7 year corporate guaranteed lease remaining, three 5-year options increasing at 10% per renewal period
Ace Hardware: 8,530 SF, 7 year guaranteed lease remaining , three 5-year options increasing at 12% per renewal period
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