For Lease
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

3407 Mahogany Dr Pace, FL 32571

Loading data...
Loading data...
Loading data...
For Lease
$3,038,800

New Dollar General in a high-growth Pensacola market area.

Building Details

Year built
2025

Source: Bryan Bender Agent Bryan Bender

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New Dollar General Investment Property

This is a 10,640 square foot Dollar General Plus store, currently under construction and slated to open in November 2025. The property is located in Pace, Florida, part of the Pensacola Market, in a significant development area. The lease is an absolute NNN lease with zero landlord responsibilities, secured for 15 years. It includes 5% rental rate increases every 5 years, including at each of the five 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds a “BBB” credit rating. The store is strategically positioned on the corner of Mahogany Drive and Chumuckla Highway, with a traffic count of 12,000 cars per day. It is situated across from a new 40-acre church and preschool development and adjacent to a brand new 2,700-acre mixed-use community. The location benefits from a 5-mile population of 22,818 and a 3-mile average household income of $130,401 per year. The 5-mile population growth rate is 14.79%. This property is suited for a 1031 exchange buyer or a passive investor seeking fee simple ownership. The location is ideal for a Dollar General, offering continued success due to the financial strength and proven profitability of the tenant.
Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Restaurant Realty agency Wholesale Shop Gym & Fitness Kitchen & Bath Food Market Shopping Mall Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pace
County
Santa Rosa
State
Florida
Longitude
-87.1785286
Latitude
30.6903612

FAQs

What type of property is this?
Storefront property - New Dollar General in a high-growth Pensacola market area.
Where is this storefront property located?
The property is located at 3407 Mahogany Dr Pace, FL.
What are key features of this property?
This property features: - Brand new 15-year Absolute NNN lease with zero landlord responsibilities.; - Corporate guaranty from Dollar General Corporation with an investment-grade “BBB” credit rating.; - Located in a high-growth area with a strong 3-mile average household income of $130,401.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message