NEW CONSTRUCTION STORE • Brand New 9,100 SF Build-to-Suit Dollar General in Crestview, FL. • This store is scheduled for delivery February 2019.
ATTRACTIVE EMERALD COAST LOCATION • Crestview is a principal city of the Fort Walton Beach-Crestview-Destin MSA known as the “Emerald Coast.” • The population within the Destin-Ft. Walton Beach MSA is 271,346. • 4.5 million tourists visit the Emerald Coast each year. • Okaloosa County reports tourism generates over $4 billion in total business sales and $600 million in state and local tax revenues.
CRESTVIEW • Crestview is known as the “Hub City” in NW FL because it is located at the junction of three major highways: U.S. 90 (18,700 VPD), State Road 85 (43,500 VPD), and I-10 (28,283 VPD). • Well located just North of Eglin Air Force Base, which is the largest air force installation in the world. • Crestview is one of Florida’s fastest growing cities with numerous residential & commercial developments and ample room to grow. • Crestview is the county seat of Okaloosa County. • The 5-mile average household income of $68,028 is superior to typical Dollar General demographics.
FLORIDA HAS NO STATE INCOME TAX • Florida is one of only seven states that has no state income tax.
LONG TERM CORPORATE ABSOLUTE NNN LEASE • Brand new, 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • 10% rent increase in each of the four, 5-year option periods.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune and is BBB investment grade rated. • Currently over 15,000 locations in 45 states and 900 new locations expected to be opened this year. • Dollar General has been in business for 79 years and has a current net worth of over $6B.