Special offer

Dollar General NNN Property Sold by Casablanca in North Port, Florida

By
Commercial Real Estate Agent

Dollar General NNN Property Sold by Casablanca in North Port, Florida

 

We are pleased to announce that we have Just Sold a Brand New Dollar General store located at 1000 Executive Ave. North Port Florida. We sold the property at a Selling Price of $2,962,000. Alex Casablanca, Managing Broker at Casablanca Triple Net Lease Advisors represented the Buyer in the transaction. See below a couple of transaction and location highlights.

Transaction Highlights

  • Sold Price: $2,962,000
  • Cap Rate: 5.50%
  • Years on Lease: 15 Years
  • Lease Type: Absolute NNN
  • Extensions: Four 5-Year Options
  • Rental Increases: 10% every 5 years on Options
  • Guaranty: Dollar General Corporation
  • Location: North Port, Florida
  • Funding: All Cash
  • Closing Date: December 21, 2023

Location Highlights

  • 15 Years Absolute NNN | No Landlord Responsibilities
  • Corner Location, Just off I-75
  • Hard Signalized Corner Location
  • 20,000 Cars Per Day on frontage road
  • Investment Grade Tenant rated BBB by S&P
  • 1.51 Acre Premium Retail Pad
  • Average Household Income of $85,205
  • Located in Florida, a Tax Free State.

The Top Reasons Casablanca is Your Best NNN Buyer’s Broker

  • We Pay for our Buyer’s Closing Costs up to $10,000
  • We Represent our Buyer’s for Free. Expert Advise at No Cost
  • We Sell Your Property at a Flat Listing Fee of 2%
  • Knowledge, Experience and Track Record
  • Exclusive Representation and No Additional Cost to You
  • Diligent Service, Hard Work & Availability to Our Clients
  • Patience to Work with Our Clients at their own pace.
  • We Give our Clients back in exchange of their trust.

At Casablanca, we specialize in representing NNN Buyers, Sellers, Landlords, and 1031 Exchange Investors Nationwide USA. We have the knowledge and expertise to guide you along the way from market research, identifying potential properties, submitting offers and negotiating them, due diligence, up to the closing table. We have helped many NNN Buyers and 1031 Exchange Investors in finding and negotiating the best property according to their investment goals and risk tolerance.

We have the most competitive listing fees on the market for both Sellers and Landlords. Moreover, we represent our Buyer’s for Free since we get paid from the Seller, and we also Pay for our Buyer’s Closing costs up to a maximum of $10k. This incentive will offset or cover completely the major Buyer’s closing costs expenses such as Title Fees, Attorney Fees, Recording Fees, among others. We are the Brokers that give you more in exchange for your trust. 

If you have any questions feel free to contact me directly at 407-205-7570 or you can also email me at Alex@CasablancaCRE.com. Feel free to call me anytime at your convenience, I’m always available for my clients. Thank you very much for watching this video and I’m looking forward to speaking with you.

Richard Weeks
Dallas, TX
REALTOR®, Broker
Congratulations on your recent sale. We have so many Dollar General's in our small town.
Jan 01, 2024 03:45 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Congratulations on your sale. Keep up the great work you're doing on behalf of your clients!

 

Jan 08, 2024 09:03 AM