$2,571,613
$2,618,370
1.8%For more information regarding the value of a property, please contact us for a free consultation.
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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