Dollar General

Dollar General

TBD US Hwy 90
Crestview, FL

Price: $1,588,000
Cap: 6.25%
NOI: $99,207
Building Size: 9,100 SF
Lot Size: 1.93 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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