Dollar General

Dollar General

8989 Fortune Rd.
Milton (Pensacola MSA), FL

Price: $1,710,000
Cap: 6.25%
NOI: $106,860
Building Size: 9,100 SF
Lot Size: 2.06 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand new upgraded 9,100 SF build-to-suit Dollar General in Milton, FL.
• This store is currently under construction and scheduled for delivery in August 2019.

LOCATED NEAR INTERSTATE 10
• Well-located on Hwy 87 (13,000 VPD) less than 1.5 miles from Interstate 10 (35,500 VPD). 

• Interstate 10 is the southernmost cross-country interstate in the U.S., stretching from Santa Monica, CA to Jacksonville, FL. 

PENSACOLA MSA
• Milton is located 28 miles northeast of downtown Pensacola and is part of the Pensacola MSA, which is the 10th largest MSA in Florida (pop. 487,784).
• Pensacola is home to the University of West Florida (12,850 students) and Pensacola State College (9,655 students).
• Known as the "Cradle of Naval Aviation," Pensacola is home to the first U.S. Naval Air Station, the Naval Aviation Museum and the Blue Angels flight demonstration team.
• Tourism in the Pensacola area generates over $780M per year. 

FLORIDA INCOME TAX FREE STATE
• Florida is one of only seven states that has no state income tax.

LONG TERM CORPORATE NNN LEASE
• B
rand new 15-year corporate guaranteed lease with Dollar General.
• Tenant is 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure.
• 10% rent increases in each of the four, 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 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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