Dollar General | Near Pensacola, FL

Investment Highlights

2023 UPGRADED CONSTRUCTION FL DOLLAR GENERAL
• 10,640 SF upgraded construction Dollar General located in the panhandle of Florida.
• This building was built in 2023 and the rent commenced in February 2023.
INTERSTATE LOCATION WITH POPULATION GROWTH
• Located on a corner lot on Hwy 90 (10,400 VPD) and directly off Interstate 90 (17,700 VPD)
• The 5 mile population is 12,645 with 4.96% growth.
NEAR PENSACOLA, FL | 2 MILLION VISITORS PER YEAR
• This Dollar General is located 1 hour east of Pensacola off Interstate 10 (27,677 VPD) and is also part of the Destin MSA.
• Pensacola is one of the largest metropolitan areas in the Gulf Coast region with a population of over 502,000 with close proximity to Mobile, Birmingham, and Atlanta.
• Pensacola is home to some of the world’s top ranked resorts and beaches that attract over 2 Million visitors per year that contribute over $820 Million to the economy annually.
• Naval Air Station Pensacola is the primary training base for all U.S. Navy Marine Corps and home base for the Blue Angels. This base employs 23,400 military and civilian personnel.
• The Port of Pensacola is Northwest Florida’s most diverse and business focused deep-water 265,000 SF port that had a revenue of over $2.5 Million in 2022.
• Home to multiple Universities and colleges including the University of West Florida (12,850 Students), Pensacola State College (9,773 Students), Pensacola Christian College (4,712 Students) and more.
FLORIDA IS A TAX FREE STATE
• Florida is one of seven tax free states in the country.
• Florida is one of the fastest growing states in the country and is adding over 211,000 residents each year.
13.5 YEAR CORPORATE NNN LEASE
• There are 13.5 years remaining on a 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.