24710 SE Highway 42 9,100 SF Retail Building Umatilla, FL 32784 $1,429,294 ($157.07/SF) 7% Cap Rate

Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in Umatilla, Florida. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases in each of the 4 (5 Year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade. The store is open and has been successfully operating since 2018.
This Dollar General is highly visible as it is strategically positioned on SE Hwy 42, seeing 3,600+ cars per day. It sits just 500 feet from a residential neighborhood which consists of hundreds of homes spread throughout 244 acres. The 5 mile population from the site is 5,883 and the 1 mile average household income is $75,322 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the 5 mile population growth rate at 4.5%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 7.00% cap rate based on the NOI of $100,050.