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9980 E Highway 25

Commercial Recently Sold
$2,240,683

BTC: 22.72497972

ETH: 655.17046784

Sold on: 2020-09-15
76 days
0 room(s)
9,100 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Newly constructed Dollar General store with a new 15-year NNN lease with four (4) 5-year lease renewal options. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the lease and is an investment grade tenant with an S&P rating of BBB. This offering represents an ideal opportunity for a 1031 eschange buyer or a "passive" investor. This passive investment offers buyers a secure investment with no landlord responsibilities and rent guaranteed by a stable, recession and e-commerce resistant tenant. This seller is a trusted Dollar General Developer with a meticulous construction and transaction process that makes these transactions extremely smooth and reliable. They have successfully delivered nearly 200 Dollar General locations in 10+ years. This Seller has negotiated special financing terms which may be extended to the buyer on this transaction, which may provide substantial cost savings and increased IRR to buyer.

Location

Florida • Belleview • 34420 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
2020
Lot:
1.62 Acres
Heating:
Central / Electric
Price/sqft:
$246
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

  • Lot

    • Lot: 1.62 Acres

    Other Property Information

    • Parcel Number: 4511005000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • Annual tax amount: $2,992

  • Source details

    • MLS ID: GC437002

    Other facts

    • Construction Materials: Metal Frame / Metal Siding

    • Lot Features: Other

    • Living Area: 9100

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The multiple listing information is provided by the Gainesville-Alachua from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Gainesville-Alachua. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Swift Creek Realty