BRAND NEW CONSTRUCTION STORE • Brand New 9,100 SF build-to-suit Dollar General in Laurel Hill, FL. • This store is scheduled for delivery in March 2019.
FT. WALTON BEACH-CRESTVIEW-DESTIN MSA • Laurel Hill is located in Okaloosa County and is part of the Ft. Walton Beach-Crestview-Destin MSA, which is also known as the “Emerald Coast.” • The population within the Ft. Walton-Crestview-Destin MSA is 271,346. • 4.5 million tourists visit the Emerald Coast each year. • Okaloosa County receives over $4 billion in business sales and $600million in tax annually from tourism.
FL HAS NO STATE INCOME TAX • Florida is one of only seven states that has no state income tax.
LONG TERM CORPORATE 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 five, 5-year option periods.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 15,000 locations in 45 states and 975 new locations expected to be opened in 2019. • Dollar General has been in business for 79 years and has a current net worth of over $6B.