Dollar General / Ace Hardware NNN Sale

Retail-Commercial for Sale
Catylist Listing ID: 30297269
Property Subtypes: Free-Standing Building
Building Size (RSF): 17,544 SF
Gross Building Area: See Agent
Sale Price: $3,150,000
Unit Price: $179.55 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Other
Cap Rate: 6.97%
Last Updated: 4/10/2019

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

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2109513281180

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,479 48,452 117,474
Median Age: 32.01 31.08 30.11
Households: 3,469 20,438 48,032
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