Dollar General, Astor
SOLD April 2014 for $1,600,000
24150 Sr 40, Astor, Florida 32102
| Building Size | 9,100 Square Feet |
| Land Size | 6.2 Acres |
| Zoning | commercial |
| Electric | Yes |
| Year Built | 2011 |
| Construction | Block and steel |
| Roof | Steel |
| Sewer | Yes |
| Parking | Excellent |
| Water | Yes |
| NNN | Absolute |
| Corp. guarantee | BBB- |
| 12 + Years Remaining | 3% Increase 11th Yr |
| 4 Five Yr. Options | 10% Increases |
DOLLAR GENERAL, ASTOR, FL. Absolute NNN with no landlord responsibilities. Credit tenant with Corp. guarantee (BBB- investment grade). Currently the top performing DG in the area. 9,100 SF typical DG with SR 40 frontage approx. 1 mile from the St. Johns River. Services several rural communities as well as tourists visiting the St. Johns River recreation areas an traveling to the East Coast Beaches in Volusia and Flagler Counties. This solid investment has a current 6.5 % cap rate yrs 1-10 with a 3% increase in the 11th yr and 4 five yr. options with 10% increases. 6.2 Acres.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.