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1341 Long Bay RD Middleburg, FL 32068
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Key Details
Sold Price $2,198,596
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $241
MLS Listing ID GC434309
Sold Date 07/17/20
HOA Y/N No
Year Built 2020
Annual Tax Amount $1,283
Lot Size 2.000 Acres
Acres 2.0
Property Description
Newly constructed Dollar General store with a 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 over 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
State FL
County Clay
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Roof Type Metal
Building
Lot Size Range 2 to less than 5
Others
Acceptable Financing Other
Listing Terms Other
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Bought with Out Of Area Firm (See Remarks)