for sale to qualified investors, a brand new retail property which is 100% leased to Dollar General located in Port Richey (Tampa MSA), Florida.

Call NAI Manasota if you are looking to satisfy a 1031 exchange or an investor looking for NNN deals. We are on the pulse of Single Tenant Leased Free Standing Buildings.

representative photo of Dollar General

representative photo of Dollar General

Stan Johnson Company is pleased to offer for sale to qualified investors, a brand new retail property which is 100% leased to Dollar General located in Port Richey (Tampa MSA), Florida. Port Richey is approximately 38 miles northwest of Tampa, Florida (Population: 346,037).

Dollar General is operating under a Fifteen (15) year, Absolute NNN lease featuring Four (4), Five (5) year renewal options and 10% rent increases in each option.

The subject property is located directly on Ridge Rd. (32,553 VPD). Nearby tenants include Lowe’s, Kohl’s, Home Depot, Family Dollar, Dollar Tree, Wal-Mart, U-Haul, Publix, CVS Pharmacy, Napa Auto Parts, Subway, Sonic, Pizza Hut, and Dunkin Donuts, among others.

INVESTMENT HIGHLIGHTS

Brand new Fifteen (15) year lease with Four (4), Five (5) year renewal options and 10% rent increases in each option
NNN – Absolute Net Lease. Tenant is responsible for all expenses including roof, structure, taxes, insurance and common area maintenance
The subject property is located directly on Ridge Road (32,553 VPD) and serves as a primary convenience shopping destination within the community
Population of 131,350 within a 5 mile radius
Nearby tenants include include Lowe’s, Kohl’s, Home Depot, Family Dollar, Dollar Tree, Wal-Mart, U-Haul, Publix, CVS Pharmacy, Napa Auto Parts, Subway, Sonic, Pizza Hut, and Dunkin Donuts, among others
As of January 31, 2013, Dollar General Corporation reported total revenues of $16 billion, a net income of $952 million and a net worth in excess of $4.98 billion. The company currently holds an investment grade credit rating of BBB-/Stable with S&P

Contact Sean Dreznin @ 941-961-8199 or email @ sdreznin@naimanasota.com for more information or interest.

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