Deltona Dollar General For Sale

3016 Howland Blvd, Deltona, FL

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For Sale

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Corporate guaranteed NNN lease Dollar General in Deltona, Florida.

Type:RETAIL

Property size:

9,026 SF

Lot size:

1.37 Acres

Price / SF:

$192/SF

HighLights

Corporate Guaranteed NNN Lease: Dollar General is 100% responsible for all expenses.
Investment Grade Tenant: Dollar General is a publicly traded Fortune 500 company with an S&P investment grade credit rating of BBB.
High Traffic Location: Located directly off Interstate 4 (103,000 VPD) on Howland Blvd (30,000 VPD).
Strong Population Growth: Benefits from a dense residential area with a 5‑mile population of 112,585.
Tax‑Free State: Florida is one of the U.S. states with no state income tax.
Rent Increases: The lease includes 10% rent increases in each of the four 5‑year option periods.

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Listing Contact

Don McMinn

For Sale

Contact for pricing

Corporate guaranteed NNN lease Dollar General in Deltona, Florida.

Type:RETAIL

Property size:

9,026 SF

Lot size:

1.37 Acres

Price / SF:

$192/SF

Added:: May 19, 2023
Days on Market:: 1123
Last Refresh:: May 20 at 8:26 pm

Property Features for 3016 Howland Blvd

General Information

Standard status: Active
Size: 9,026 SF
Lot size: 1.37 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Don McMinn

Listing agent Don McMinn License #(S):GA:292036

Listing office Marcus & Millichap-Atlanta

Listing date May 19, 2023

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap-Atlanta

HighLights

Corporate Guaranteed NNN Lease: Dollar General is 100% responsible for all expenses.
Investment Grade Tenant: Dollar General is a publicly traded Fortune 500 company with an S&P investment grade credit rating of BBB.
High Traffic Location: Located directly off Interstate 4 (103,000 VPD) on Howland Blvd (30,000 VPD).
Strong Population Growth: Benefits from a dense residential area with a 5‑mile population of 112,585.
Tax‑Free State: Florida is one of the U.S. states with no state income tax.
Rent Increases: The lease includes 10% rent increases in each of the four 5‑year option periods.

Overview

Located in Deltona, Florida, this 9,026 square foot Dollar General property benefits from its location 30 minutes north of downtown Orlando, with convenient access to Interstate 4, which experiences a traffic volume of 103,000 vehicles per day. Situated on Howland Blvd, which sees 30,000 vehicles per day, the property is surrounded by a dense residential area. The surrounding area has a 5-mile population of 112,585, with a growth rate of 11.52% and an average household income nearing $70,000. A 1.4 million square foot Amazon warehouse is located 2 miles away. The store opened in February 2013 and has approximately 5 years remaining on its initial 15-year corporate guaranteed NNN lease. The corporate guaranteed NNN lease means the tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. The lease includes 10% rent increases in each of the four 5-year option periods. Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. With over 19,000 locations and expanding by 1,000 stores each year, Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$198.2k	$21.96
− Vacancy	−$15.5k	−$1.71
EGI	$182.8k	$20.25
− OpEx	−$45.7k	−$5.06
NOI	$137.1k	$15.19

9,026 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $137,063 @ 7.0% cap · market cap 7.90%

Second Best

Retail

$1.21M

$1.06M – $1.42M (±1% cap)

NOI $85,011 @ 7.0% cap · market cap 4.90%

Theoretical Best

Office A

$2.66M

$2.33M – $3.10M (±1% cap)

NOI $186,297 @ 7.0% cap · market cap 10.74%

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

Property Profile Location Intelligence

Current Use by Public Records

Dollar General Discount Store Western Union Bank

Suggested Use

Location Insight

Map
Local Demand

City: Deltona
County: Volusia
State: Florida
Longitude: -81.2347
Latitude: 28.9484

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What type of property is this?

Grocery and convenience store - Corporate guaranteed NNN lease Dollar General in Deltona, Florida.

Where is this grocery and convenience store located?

The property is located at 3016 Howland Blvd Deltona, FL.

What is the asking price?

The asking price for this property is $1,734,000.

What are key features of this property?

This property features: Corporate Guaranteed NNN Lease: Dollar General is 100% responsible for all expenses.; Investment Grade Tenant: Dollar General is a publicly traded Fortune 500 company with an S&P investment grade credit rating of BBB.; **High Traffic Location:** Located directly off Interstate 4 (103,000 VPD) on Howland Blvd (30,000 VPD).

3016 Howland Blvd, Deltona, FL

Corporate guaranteed NNN lease Dollar General in Deltona, Florida.

Property Features for 3016 Howland Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Established Child Care Center For Sale

Updated Commercial Property on Busy Street

Deltona Blvd Commercial Property

Triple Net Pediatric Medical Offices

Commercial Building Near I-4 Interchange

130-Room Hotel on 3.67 Acres

Updated Condo Near Green Springs

First Floor Condo Near Lake

Retail Storefront For Lease

Corner Lots Ideal for Drive-Thru

Charming Duplex For Sale

Commercial Plaza on Howland Boulevard

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