Palm Bay, FL 32909,2705 SE Eldron BLVD

$2,571,613

$2,618,370

1.8%
Est.Price: ?

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Est. payment /mo

9,100 SqFt


SOLD DATE : 02/26/2021

Key Details

Sold Price $2,571,613

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 9,100 sqft

Price per Sqft $282

MLS Listing ID GC440310

Sold Date 02/26/21

HOA Y/N No

Year Built 2020

Annual Tax Amount $985

Lot Size 4.130 Acres

Acres 4.13

Property Description

This Dollar General location is a 9,100 square foot store with a front entry. The building features a metal frame and cementitious lap siding with cementitious board siding wainscotting. The roof is metal and HVAC units are on the roof. The store is located at 2705 Eldron Blvd. SE in Palm Bay, Florida. This is a newly constructed store 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 offrs buyers a secure investment with no landlord responsibilities and rent guaranteed by a stable, recession, e-commerce, and pandemic resistant tenant. Dollar General has thrived in 2020, becoming an essential business that sells essential goods in a time of need and that has grown in sales volume, profits, expanded its locations, hired more employees in mass numbers, and continued to service it''s growing customer base during uncertain times.

Location

State FL

County Brevard

Building

Lot Size Range 2 to less than 5

Others

Acceptable Financing Cash

Listing Terms Cash

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Stellar MLS
Listed by Swift Creek Realty
Bought with Out Of Area Firm (See Remarks)
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